78,376,043,384 SHIB: Is the Shiba Inu holder taking profit?

In the past 24 hours, the amount of SHIB reserves on exchanges has increased by over 78 trillion tokens, indicating potential selling pressure as investors bring SHIB back to exchanges to take profit. Data from CryptoQuant recorded an increase of 0.06%, from 81,815 trillion to 81,893 trillion SHIB on November 15. This is unusual as it occurs right when the price of SHIB is bouncing back slightly, rising by 1.67% to 0.000009315 USD.

The increase in reserves may indicate that some investors are taking profit after SHIB fell nearly 8% last week. However, the SHIB ecosystem still shows positive signals as trading on Shibarium continues to rise – often associated with the ability to bounce back in price. Overall, investors are cautious in the face of volatility, but recent indicators suggest that SHIB may be gearing up for a new price surge.