Shiba Inu sees reduced exchange sell-pressure after 164 billion token netflow shift
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By Blaze Trends Business Desk
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Summary
A 164 billion SHIB token movement from centralized exchanges over 24 hours has reduced sell-side pressure, with crypto aggregators viewing the development positively. The netflow shift occurs amid broader asset rotation in the crypto market. Shiba Inu maintains a $3.24 billion market cap against a 590 trillion circulating supply.
Key quotes
· 3 pulledAn on-chain movement of 164 billion Shiba Inu (SHIB) tokens over a 24-hour period has triggered a sharp reduction in sell-side pressure on centralized cryptocurrency exchanges.
Crypto aggregators currently grade the development as having a positive sentiment, suggesting immediate exchange liquidity constraints are easing.
The token currently maintains a market capitalization of approximately $3.24 billion against a circulating supply of 590 trillion tokens, according to Coingecko
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