Shiba Inu (SHIB) is experiencing a shift as investors transfer their tokens from self-custody to exchanges. This transition is a sign that volatility may be on the horizon for the popular meme coin, which is the second-largest by market capitalization at $10.72 billion.
The data, provided by CryptoQuant, indicates a significant surge in the net inflow of SHIB tokens to exchanges. This movement typically suggests that investors are preparing to sell, thus contributing to potential selling pressure on the market.
As these tokens move to exchanges, market participants are watching closely for signs of increased volatility, which could impact SHIB's price dynamics. The shift in investor behavior is a critical indicator of possible upcoming changes in the trading patterns of the Shiba Inu cryptocurrency.
