🐶🐾 #noticias 📜 Shiba Inu Holders Are Pulling Crypto from Exchanges
🦴⋆🐾 Outflows of Shiba Inu from exchanges have surged sharply, with nearly 490 billion of $SHIB leaving trading platforms recently, according to CryptoQuant data seen by U Today.
🦮 📉 Reserves on exchanges have also continued to decline, signaling a greater move towards self-custody wallets.
🐕 ☘︎ The trend suggests that large holders may be reducing immediate sell pressure, despite the ongoing downtrend of $SHIB .
⚡️ PAY ATTENTION AND 🧠 REFLECT
✔️ Correlation is not causation. Exchange outflows might indicate accumulation, but they could also simply be transfers between wallets of the same owner, with no intention to hodl.
✔️ The text itself contradicts the optimism by mentioning the "ongoing downtrend of SHIB" — meaning the price continues to drop despite the movement.
✔️ SHIB lacks scarce fundamentals. With quadrillions of tokens in circulation, the narrative of "scarcity" doesn’t hold as it does with Bitcoin or Litecoin.
✔️ Biased language. Terms like "large holders" and "self-custody" create an association with sophisticated behavior, but do not confirm who these holders are or the real reason behind the movement.
💡 This is not financial advice. Always do your own research before investing in any crypto project.
#Shibarium #cripto #Brazuca #SHİBA
🦴⋆🐾 Outflows of Shiba Inu from exchanges have surged sharply, with nearly 490 billion of $SHIB leaving trading platforms recently, according to CryptoQuant data seen by U Today.
🦮 📉 Reserves on exchanges have also continued to decline, signaling a greater move towards self-custody wallets.
🐕 ☘︎ The trend suggests that large holders may be reducing immediate sell pressure, despite the ongoing downtrend of $SHIB .
⚡️ PAY ATTENTION AND 🧠 REFLECT
✔️ Correlation is not causation. Exchange outflows might indicate accumulation, but they could also simply be transfers between wallets of the same owner, with no intention to hodl.
✔️ The text itself contradicts the optimism by mentioning the "ongoing downtrend of SHIB" — meaning the price continues to drop despite the movement.
✔️ SHIB lacks scarce fundamentals. With quadrillions of tokens in circulation, the narrative of "scarcity" doesn’t hold as it does with Bitcoin or Litecoin.
✔️ Biased language. Terms like "large holders" and "self-custody" create an association with sophisticated behavior, but do not confirm who these holders are or the real reason behind the movement.
💡 This is not financial advice. Always do your own research before investing in any crypto project.
#Shibarium #cripto #Brazuca #SHİBA