SHIB Price Surges After $1 Trillion Token Exit from Exchanges
Shiba Inu's recent surge in price has been driven by a massive exit from exchanges, with approximately $1 trillion worth of tokens leaving bourses.
This exodus has led to a decrease in selling pressure on SHIB, causing the price to rise.
The token's price has now surpassed its 26 and 50-day moving averages but faces resistance at its 100-day average.