Alright, so the Shiba Inu coin-yeah, that little pupper of the crypto world-suddenly gets all excited, goes up like 8.71%. Everyone’s high on their enthusiasm, thinking maybe it’s the new Bitcoin. But hold on, because the on-chain activity? It’s doing the opposite-like your Uncle Mel at a dance party.
CryptoQuant drops some fancy numbers-146 billion tokens sliding around between wallets and exchanges. Sounds like a yard sale, doesn’t it? That’s a 2.2% increase in tokens just visiting the exchange-like they’re thinking, “Eh, I’ll take profits and run, see ya later.” Pretty bearish, right? But what do I know, I’m just watching the chaos unfold.
Billions of SHIB taking a trip back to the exchange-thanks, but no thanks!
So, this surge in tokens returning to the exchange? That’s your classic “sell pressure,” folks. About 435 billion tokens-enough to make a small country blush-are making their way home. Meanwhile, the price? It’s doing its roller coaster thing: up 8.71%, then slicing back down like a hot knife through butter.
It’s like watching a toddler on a sugar rush-they’re bouncing, then crashing, then bouncing again. The whales? Probably just taking their quick profits, like couponers at a clearance sale, after suffering some hefty losses. The big players are grabbing their chips and saying, “Thanks for playing,” even as everyone’s screaming, “More! I want more!”
Meanwhile, price drops from a high of $0.00001009 to an intraday low of $0.000009066-like a quick dip in the kiddie pool. Traders are basically playing hot potato, trying to snag profits before the whole thing crashes and burns. Is this sustainable? Of course not! But who needs sustainability when you have a roller coaster, am I right?
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2025-11-08 14:51