Shiba Inu (SHIB), a popular meme coin, has experienced a significant withdrawal of tokens from crypto exchanges, indicating intense buying activity. The 309 billion SHIB tokens withdrawn are valued at approximately $4.09 million. This surge in exchange outflows is seen as a bullish development and suggests a potential trend reversal. Despite currently trading at lows, traders and whales are buying the dips in anticipation of notable profits once the price rebounds. While Shiba Inu is known for its volatility, a trend reversal could occur soon, fueled by the buying activity and support from traders. If the resistance level at $0.00001401 becomes a support zone, the meme coin may target new highs and see further gains.



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