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Shiba Inu outflows surge as traders move tokens off exchanges, signaling possible long-term holding despite price drop.

Technical Signals
24 May 2026
UToday
View Source
Neutral
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Shiba Inu (SHIB) has seen a sharp increase in exchange outflows, with nearly 490 billion SHIB leaving trading platforms. This trend suggests that large holders are moving tokens to private wallets for self-custody, reducing short-term selling pressure even as SHIB's price continues to decline. The decrease in exchange reserves indicates a preference for long-term holding rather than immediate selling, despite bearish technical signals. Analysts speculate this could signal accumulation ahead of a future meme coin rotation or a loss of trust in centralized exchanges.

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