Over 65.9 billion Shiba Inu (SHIB) tokens have been removed from circulation through burns or withdrawals, yet the cryptocurrency continues to struggle with weak demand and a declining price. On October 30, more than 11.7 trillion SHIB tokens were withdrawn from exchanges, according to CryptoQuant data.
Currently trading near $0.0000101, SHIB shows no signs of a price reversal, with technical indicators suggesting further downward pressure. The market risks a drop toward $0.000008 if key support levels fail to hold.
Over 65.9 Billion SHIB Tokens Withdrawn Amid Price Decline
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