Shiba Inu (SHIB) Wallets Show Significant Outflows, Indicating Potential Shift in Holder Strategy

Key Points

1. 359.6 billion SHIB left large holder addresses from August 7 to August 9, more than doubling previous outflow volumes.

2. Major exchanges like Coinbase and Binance hold substantial SHIB reserves, acting as liquidity hubs.

3. Large outflows may reduce available supply, potentially leading to price increases.

4. Whales withdrawing SHIB to private wallets often indicate a long-term holding strategy.

5. SHIB's price rose from $0.000013 to $0.000014 during the period of increased outflows.