Shiba Inu (SHIB) is facing a significant liquidity drop as over 142 billion tokens have been withdrawn from exchanges in the past 24 hours. This movement suggests traders are either transferring their holdings to cold storage or exiting their positions, raising concerns about market stability.
The reduced supply on exchanges might temporarily alleviate selling pressure, but the absence of strong institutional demand and weak technical indicators point to continued volatility. SHIB's price hovers near a critical support level, with no clear signs of a recovery in momentum.
Shiba Inu Liquidity Declines as 142 Billion SHIB Leave Exchanges
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