Posted 1/8/2024, 3:22:47 PM
SHIB Whales Withdraw Over $25 Million from Exchanges, Potentially Accumulating Amid Price Drop
- Whales have withdrawn over $25 million worth of SHIB from Binance in past 1.5 months, likely accumulating
- One whale recently withdrew over 546 billion SHIB tokens worth over $5 million
- SHIB exchange reserves have dropped 4% since December 16, indicating potential accumulation
- SHIB price has dropped 30% from December highs but bounced back 8.8% from recent lows
- Article speculates whales are accumulating SHIB during recent price dips based on on-chain data