Crypto community amazed by huge Shiba Inu mystery
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A major Shiba Inu development has stunned the overall crypto community. This is a bullish move from SHIB whales as they aim to push prices higher. It will give strong support to the Shiba Inu price, which has been struggling in the recent past. The second-largest meme coin has witnessed huge outflows from crypto exchanges. Around 653 billion Shiba Inu tokens, according to , were taken out of these trading platforms on Aug. 1. This is the largest SHIB outflow since July 19, when the market witnessed outflows of over one trillion coins.A rise in exchange outflows is a positive indicator, as it reflects bullish market sentiment.
The 24-hour trading volume of SHIB has soared 22.93% to $264.35 million. It highlights rising investor confidence in the market. Moreover, it comes at a time when Shiba Inu is witnessing increasing exchange flows, which paints a clearer picture of the positive sentiment on the market.With over three years of immersive experience in the crypto industry, Mushumir is a seasoned crypto writer dedicated to unraveling the complexities of blockchain technology and decentralized finance.
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