Shiba Inu Price Prediction: 500 Billion SHIB Hit Exchanges in 24 Hours, Next Target 6.2 Millionths of a Dollar

500.12 billion Shiba Inu were transferred to trading venues within 24 hours. The figure sounds like a sell-off, and it is not one: over the same period withdrawals rose more than deposits, so on balance more SHIB left the exchanges than arrived. Anyone who wants to build a forecast on it therefore needs both sides of the entry, not just the big number. On Tuesday evening SHIB traded at Kraken at 5.76 millionths of a dollar, up around 1.3 percent on the previous day. In euros that is 5.09 millionths of a euro. The day spanned 5.50 to 5.91 millionths of a dollar, and the volume-weighted average price stood at 5.69 millionths of a dollar. This article places the inflows in context, recalculates the burn figures and names the levels at which the next move is decided. 500.12 Billion SHIB in 24 Hours: the Inflow and the Contra Entry The figure comes from CryptoQuant's exchange flow data, analysed by Coin Edition on September 29. The ten largest deposits accounted for 13.91 billion SHIB. The average deposit rose by 1.92 percent, the sum of all deposits by 2.58 percent. Exchange inflow means, in on-chain jargon: tokens move from private addresses to addresses attributed to a trading platfo...