Shiba Inu (SHIB) Volatility Expected as Investors Move Tokens to Exchanges

Quick Summary:

Shiba Inu (SHIB), the second-largest meme coin by market cap ($10.72 billion), could become volatile as investors move their tokens from self-custody to exchanges.

According to the data from CryptoQuant, the net inflow of SHIB to exchanges has surged.

This suggests that selling pressure is building.

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Article Details

Author / Journalist: Anisha Pandey

Category: Crypto

Markets: India

Topics: News Shiba Inu News Market News Shiba Inu (SHIB) Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 18:15:00 (1 weeks ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 153 words

Reading Time: 1 minutes read

Sentences: 49 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23205669

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 11 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #124

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