459 Billion Shiba Inu Flees Exchanges: Chaos in the Doggy Den 🐕

by

Oh, great, another week in the Shiba Inu saga-this time, approximately 459 billion (yes, you read that right, with a bunch of zeros) SHIB tokens decided to chaotically flee the safety of their wallets, abandoning the comfort of centralized exchanges like ex-lovers disappearing into the night. What noble exodus, am I right?

Entering Outflow Period

And who could resist joining this mass exodus? It turns out there have been more red days than RosalĂ­a’s outfits, initiating deep, soul-searching withdrawals. Midweek, we witnessed more than 280 billion SHIBs evaporating from what was once a safe haven in a single go-a grand finale bested only by shopping sprees during Black Friday.

More likely than SHIBs forming an indie band on the moon, these tokens were likely headed into staking proxies or cozying up in private custody. Let’s face it, if everyone was planning a market dump, wouldn’t we have seen emojis of panic selling instead?

Meanwhile, the price action is as charming as an hour spent in line at the DMV. SHIB is gracefully declining day by day. Our dear, precious moving averages-50, 100, and 200-day-are all just handing out their invitations to the downturn party. All attempted comebacks end up fire-failed, while RSI and other momentum indicators are doing a rather lackluster performance, hovering in the low-40s. It’s like watching paint dry-except the paint is also declining.

Supplies are Thinning

Despite SHIB’s stubborn persistence in its decline, the exchange supply continues shrinking. It seems sell pressure is either rolling up its sleeves and getting busy or just poof, disappearing like a villain in a B-grade film. But it’s not pouring into the markets.

From a network perspective, the activity is like watching grandma knit: constant but quiet. There’s definitely no oncoming surrender-it’s more like a slow, patient breathing exercise. As available tokens on exchanges thin out, we see less volatility and a decline in emotional rollercoasters, just like giving up on your dreams of becoming the next Mozart.

But hey, let’s not get ahead of ourselves. SHIB is still that high-beta meme asset people bring out for a laugh on weeknights. So, while we’re cozy on the couch with our repeat content binge, remember that hope isn’t really a plan, but in this scene, things are better set up than a messy playroom-typically.

Read More

2025-12-28 16:12