1.34 billion tokens from $SHIB flowed into exchanges in 24 hours, yet the price still rose 2.80%. Something doesn’t add up.
An increase in exchange balances isn’t a good sign; it could mean potential selling pressure. But the price hasn’t fallen, which suggests there are still buyers willing to absorb it.
The source didn’t name anyone, so don’t read too much into it. The most likely flaw in this assessment is that the tokens are sitting idle without being traded. Check the evidence first.
If you’re going to follow this, keep an eye on exchange balances and trading volume. If balances keep rising while the price stalls, then it’s time to talk about the risk.
How much longer can $SHIB hold up? Comment 1 if you think it’ll last three days; comment 2 if you think it’ll pull back tonight. See you in the comments.
#Write2Earn #BinanceSquare #SHIB MemeCoin #TradingTournament
An increase in exchange balances isn’t a good sign; it could mean potential selling pressure. But the price hasn’t fallen, which suggests there are still buyers willing to absorb it.
The source didn’t name anyone, so don’t read too much into it. The most likely flaw in this assessment is that the tokens are sitting idle without being traded. Check the evidence first.
If you’re going to follow this, keep an eye on exchange balances and trading volume. If balances keep rising while the price stalls, then it’s time to talk about the risk.
How much longer can $SHIB hold up? Comment 1 if you think it’ll last three days; comment 2 if you think it’ll pull back tonight. See you in the comments.
#Write2Earn #BinanceSquare #SHIB MemeCoin #TradingTournament