668B SHIB Outflow from Major Wallets Signals Bullish Accumulation
24.04.2025 12:44
Shiba Inu (SHIB), the second-largest meme coin by market cap, has experienced significant on-chain movements with nearly 669 billion tokens leaving major wallets over the last 24 hours. This outflow, primarily from exchange-held wallets, is interpreted as smart money accumulation rather than a sell-off panic. In contrast, inflows reached 555 billion tokens during the same period, resulting in a net outflow of approximately 113.98 billion. Traders note that when tokens move off exchanges into decentralized cold storage, it usually indicates that holders are positioning for a potential price breakout. Currently trading just above $0.000014, SHIB’s current activity may pave the way for upward price movements should the broader market trend continue positively.
The news highlights a bullish sentiment as significant outflows from major wallets indicate that whales are accumulating SHIB by moving tokens into cold storage. This maneuver typically reduces sell-side pressure on exchanges and signals confidence in a price rally. Historical trends show that similar accumulation phases often precede notable price increases, suggesting both short-term gains and sustained long-term growth if the market maintains its upward trajectory. Key factors considered include the scale of token movement, the shift from centralized to decentralized storage, and the overall market sentiment favoring accumulation.
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