SHIB Price Jumps 19.9% Amid Large Token Withdrawals

A sharp price surge of 19.9% has hit Shiba Inu (SHIB), sending it above its short- and medium-term moving averages, but still below the 200-day moving average.

Roughly 145.2 billion SHIB tokens have been transferred from exchanges to private wallets, indicating increased accumulation by holders.

This substantial outflow reduces liquid supply on exchanges and suggests less imminent selling pressure amid heightened holding activity.