Shiba Inu Faces Renewed Selling Pressure Despite New Visibility Boost in Japan
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352.53 billion SHIB flowed to exchanges versus 317.44 billion leaving in the past 24 hours, a net inflow of 35.09 billion SHIB, signaling renewed selling pressure on the token. The inflows come despite a visibility boost for Shiba Inu in Japan and may exert downward pressure on price and market sentiment across crypto, affecting CEX liquidity and DeFi adoption signals.
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Shiba Inu has come under renewed selling pressure after billions of SHIB tokens moved to cryptocurrency exchanges over the past 24 hours. According to data from CryptoQuant, investors transferred 352.53 billion Shiba Inu to exchanges during the period, while only 317.44 billion SHIB left trading platforms.
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In This News
Coins
$ 0.00...425
+1.75%$ 0.00...918
-14.1%Predictions Markets
See what traders are focused on
Share:
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