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Showing posts with the label exchange outflows

$1.2B In Ethereum Withdrawn From CEXs – Strong Accumulation Signal

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Shiba Inu's Rise To 1 Cent Is Imminent, Here's Why

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The Shiba Inu (SHIB) ecosystem has been making headlines for a lot of reasons. Following the asset’s massive success over the past month, SHIB was seen taking a backseat. However, several analysts have revealed that the meme coin’s setback isn’t all that bad. A notable uptick is reportedly expected in the coming days. Analyst Ali Martinez explains why. Also Read: 3 Commodities To Invest in 2025 For Top Returns Shiba Inu Records Major Outflow Data on Shiba Inu exchange outflows reveals a huge rise, meaning that 1.67 trillion SHIB, or around $41 million, had been taken out of exchanges. In the past, the meme currency saw a huge rally when SHIB saw a comparable rise in exchange outflow. Martinez further shed light on this activity and reminded the market that SHIB recorded a 62% rise in its price. Source It should be noted that SHIB is currently 72% below its all-time high of $0.00008845. The meme coin reached this peak back in 2021 about three years ago. In order to reac...