Under 1,000 Shiba Inu (SHIB) Users Actually Withdraw Tokens From Exchanges
U.TodayArman Shirinyan
Shiba Inu is buying and selling close to $0.00000503, and the on-chain data indicates that only a few holders are shifting tokens off exchanges. Only 538 withdrawal transactions were recorded in the latest reading. For a token with such a large community, this is a very small number. Withdrawals are higher than deposits by count, which is a small positive sign. But the amounts matter more than the number of transactions. Exchange inflow stands at 247.06 billion SHIB, while outflow is 183.58 billion SHIB. This leaves a net inflow of 63.49 billion SHIB. In simple terms, more coins are coming into exchanges than leaving them. This is mostly a bearish signal, because tokens on exchanges can be sold quickly.
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