Over 408 billion Shiba Inu (SHIB) tokens were withdrawn from centralized exchanges within a 24-hour period, marking a significant shift amid ongoing market volatility. This large-scale withdrawal suggests a potential move from panic selling to accumulation, as investors may be transferring assets to cold storage or decentralized finance (DeFi) protocols. During this period, SHIB's price fell below $0.0000100 before experiencing a partial recovery. Despite this, the Relative Strength Index (RSI) remains below 50, indicating weak bullish momentum. The unusual withdrawal activity contrasts with the broader trend of selling, highlighting a possible strategic repositioning by investors.
408 Billion SHIB Tokens Withdrawn from Exchanges Amid Market Volatility
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