Shiba Inu (SHIB) Beats 4,480 Coins as Price Booms, Here's Why

SHIB beats 4,480 coins as Shiba Inu marches into new era ShibArmy $SHIB SHIBCommunity

The supply of SHIB on exchanges has fallen to 8.29%, the lowest level since April 2021, as Santiment highlighted in an image attached to its tweet., 3.30 trillion SHIB were withdrawn from known crypto exchanges in the past month of July.

The move from exchanges might be bullish if the motive is a shift into cold storage, which suggests an intention to hold the cryptocurrency for a longer period in hopes that the price might further increase. Santiment noted that it does not seem that hodlers are selling their SHIB, thus putting forward the more likely option of movement to cold storage."The real praise goes to the most high, and to the unending support of the entire army."

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