Shiba Inu (SHIB) investors withdrew 125 billion tokens from exchanges on November 15, according to CryptoQuant data. This significant outflow reduced SHIB's exchange reserves from 81.815 trillion to 81.693 trillion tokens. Despite the withdrawal, SHIB's price continued to decline, reaching $0.0000086 on November 16, marking a 10.13% drop over the past week.
Additionally, activity on Shibarium, SHIB's Layer-2 network, has decreased significantly, with transaction volumes plummeting by 85.92% in recent weeks. This trend indicates a potential reduction in selling pressure, although the token's market performance remains under pressure.
Shiba Inu Investors Withdraw 125 Billion SHIB from Exchanges
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