SHIB Holders Are Quietly Moving Their Tokens Off Exchanges — Here's What That Actually Means
On the surface, Shiba Inu's price chart doesn't look great right now. Bears are in control, the price is sitting below key moving averages, and sentiment has been weak for a while. But underneath all of that, something interesting is happening in the on-chain data that's worth paying attention to. SHIB exchange outflows just jumped by 20%. And if you know what that signal typically means, it changes the picture a little. What Are Exchange Outflows? First, a quick explainer for anyone who's new to reading on-chain data. Exchange outflows simply mean that tokens are being moved off trading platforms — Binance, Coinbase, Kraken, and the like — into private wallets. When tokens leave exchanges, they're no longer sitting in a place where they can be easily sold. They're going into storage. The logic is straightforward. When people plan to sell, they keep their tokens on an exchange where selling is easy. When people plan to hold, they move tokens to their own walle...