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Shiba Inu Sell-Offs Incoming: 82 Trillion Deposits Threaten To Crash SHIB Price
📰 sources⭐ 7.0
TL;DR:
On-chain data show a significant amount of Shiba Inu still held on exchanges, putting the SHIB price at risk of a decline due to sell-offs. This comes amid a positive increase in net flows, indicating that more coins are flowing into exchanges, likely to offload them.
Key Points:
Background:
Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.
Why It Matters:
This development could influence SHIB price action and market sentiment in the near term.