The Shiba Inu (SHIB) ecosystem is gaining traction, as different metrics suggest that investors are more bullish on the meme coin than ever. One of these metrics is the latest development, which shows that the number of SHIB tokens held on exchanges has drastically reduced.
Shiba Inu On Exchanges Drops To 2-Year Low
Data from crypto analytics firm Glassnode shows that the amount of SHIB held on exchanges has dropped to its lowest level since March 2022. This underscores the bullish sentiment among SHIB investors, as the decline in the meme coin’s supply invariably means that these investors are choosing to hold for the long term rather than offloading their holdings anytime soon.
Data from the on-chain analytics platform Santiment also shows the steady decline in the SHIB supply on exchanges, which currently stands at just over 75 trillion (7% of the token’s circulating supply). At the same time, the supply outside of exchanges has continued to climb, currently sta
We współpracy z: https://bitcoinist.com/shiba-inu-exchanges-2-year-low/
