\n
The winds of change are blowing, and it seems that the holders of Shiba Inu are taking profits,
or are they just getting cold feet? π€ Over the last 24 hours, a whopping 78,376,043,384 SHIB has been added to the Shiba Inu reserve across all exchanges, according to data from on-chain analytics platform Cryptoquant.
\n
This metric, which often signals increased selling pressure, has raised more questions than answers about SHIB\’s next price action, despite its recent resurgence. π The big question on everyone\’s mind: why are SHIB holders selling? π€·\u200dβοΈ
\n
The Plot Thickens
\n
The data shows a mild surge of 0.06% in SHIB\’s exchange reserve, from 81,815,068,028,614 to a high of 81,893,444,071,998 as of Nov. 15. π While this increase in the all-exchange reserve of a token is a strong indication of heightening selling pressure, the surge has raised concerns among investors, who are now scratching their heads, wondering what\’s next? π€
\n
Notably, the bearish movement in the SHIB all-exchange reserve comes as a surprise, as it has coincided with a mild resurgence in the price of the asset, triggering questions about the motives behind the increasing selling activity. π€·\u200dβοΈ Is it a case of “take the money and run”? π\u200dβοΈ
\n
Over the last day, data from CoinMarketCap shows that SHIB has surged decently by 1.67%, trading at $0.000009315 as of press time. π While the past week has seen SHIB trade majorly in the red territory, with its price showing a notable decline of nearly 8% over the last seven days, it appears that traders have attempted to sell off their holdings amid the slight resurgence witnessed in the past day to quickly take profits before the next price dip. π
\n
But fear not, dear investors! π \u200dβοΈ While momentum is gradually returning to the SHIB ecosystem with recent metrics like the persisting increases in Shibarium transactions, consistently signaling a potential price rally, this negative trend in its exchange reserve does not mark the end for Shiba Inu. π₯
\n
It appears that traders are only taking caution amid rising uncertainty. However, all hope is not lost on the asset, as recent metrics suggest the asset is preparing for a big price move. π So, buckle up, folks! π
\n
The winds of change are blowing, and it seems that the holders of Shiba Inu are taking profits,
or are they just getting cold feet? π€ Over the last 24 hours, a whopping 78,376,043,384 SHIB has been added to the Shiba Inu reserve across all exchanges, according to data from on-chain analytics platform Cryptoquant.
This metric, which often signals increased selling pressure, has raised more questions than answers about SHIB’s next price action, despite its recent resurgence. π The big question on everyone’s mind: why are SHIB holders selling? π€·ββοΈ
The Plot Thickens
The data shows a mild surge of 0.06% in SHIB’s exchange reserve, from 81,815,068,028,614 to a high of 81,893,444,071,998 as of Nov. 15. π While this increase in the all-exchange reserve of a token is a strong indication of heightening selling pressure, the surge has raised concerns among investors, who are now scratching their heads, wondering what’s next? π€
Notably, the bearish movement in the SHIB all-exchange reserve comes as a surprise, as it has coincided with a mild resurgence in the price of the asset, triggering questions about the motives behind the increasing selling activity. π€·ββοΈ Is it a case of “take the money and run”? πββοΈ
Over the last day, data from CoinMarketCap shows that SHIB has surged decently by 1.67%, trading at $0.000009315 as of press time. π While the past week has seen SHIB trade majorly in the red territory, with its price showing a notable decline of nearly 8% over the last seven days, it appears that traders have attempted to sell off their holdings amid the slight resurgence witnessed in the past day to quickly take profits before the next price dip. π
But fear not, dear investors! π ββοΈ While momentum is gradually returning to the SHIB ecosystem with recent metrics like the persisting increases in Shibarium transactions, consistently signaling a potential price rally, this negative trend in its exchange reserve does not mark the end for Shiba Inu. π₯
It appears that traders are only taking caution amid rising uncertainty. However, all hope is not lost on the asset, as recent metrics suggest the asset is preparing for a big price move. π So, buckle up, folks! π
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2025-11-15 13:24