Shiba Inu Smart Money Unloads Tokens on Exchanges

Large Shiba Inu coin holders have been quietly moving their tokens off exchanges and into long-term storage. According to CryptoQuant, SHIB's net flow on trading platforms has remained negative for a record eight consecutive days since July 3.

So-called smart money, which controls up to 94.5% of the token's supply, has reduced selling and withdrawn hundreds of billions of tokens to 'cold' wallets over this period.

The movement of tokens is reflected in the following metrics: a massive outflow of 226.3 billion SHIB left exchange accounts for private addresses, while around 131 billion SHIB was deposited on trading platforms for potential sale.

The net deficit is significant: exchange order books lost a net 95.35 billion SHIB in just one day. Total SHIB holdings on centralized platforms fell to 86.69 trillion tokens.