TL;DR
- Over 1 trillion SHIB assets shifted to exchanges, possibly indicating selling pressure as the price dropped.
- Some analysts, including trader $SHIB KNIGHT, believe SHIB might rally soon, predicting a potential 8-month high.
- Shiba Inu’s burning program and the development of Shibarium provide bullish momentum for the coin’s future.
What’s Next for SHIB?
According to CryptoQuant data, Shiba Inu investors have moved over 1 trillion assets into cryptocurrency exchanges in the past few days. The rapid shift started on October 8, a day before SHIB’s price fell significantly (in resonance with the entire digital asset market).
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