Nansen’s latest data shows that 8 trillion coins have moved from cryptocurrency exchanges to independent wallets in the last 30 days, so Shiba Inu could see a surge in value. With this development, the price of the Sib has reached $0.00001340 per month on Fridays. Additionally, investors have accumulated dips in dog-themed tokens in hopes of a Federal Reserve cut in interest rates.
The 8 trillion moves of coins ranging from exchanges to independent wallets highlight the hopes of investors in tokens. They sold their holdings and did not jump the ship, so they continued to hold the tokens of their own wallets. Despite the stagnation of prices this year, Shiv has barely experienced the sale of the Domino Effect type.
Also, the 8 trillion wave shiba inu coins that have moved from exchange to a self-supporting wallet is worth $107 million. The outflow of exchanges to independent wallets primarily leads to bullish price increases, as it shows investor confidence. The dog-themed token reached the $0.000013 range after almost three months. The trading session alone on Friday saw a surge of nearly 2% on the charts.
Nishida inu coins on the move
Shiba Inu faces renewed interest among the investor community as prices show signs of recovery. It is likely that the price will next reach $0.000015, and we touched on it this July. Shiv and other meme coins have been stagnating in the market, but slowly the ground is losing its ground.
Coins in memes like Shiba Inu are known for their extreme volatility as their prices fluctuate from Earth to heaven. They also fall from heaven to earth in a similar way, turning poverty to traders in one day. The risk is high and it is recommended that only those who are likely to experience stomach loss take the entry position. It is best to invest only what you can afford to lose when the market becomes bears.
