590 Million Shiba Inu Tokens Exited Crypto Exchanges: A Sign of Growing Confidence?

Shiba Inu (SHIB) is experiencing a noteworthy trend that could indicate evolving investor behavior, as highlighted by recent data from CryptoQuant. The latest analysis reveals a significant outflow of SHIB tokens from cryptocurrency exchanges, with over 589 million tokens withdrawn in the past two days. This increased exchange outflows suggest a shift towards long-term holding rather than frequent trading.