Average SHIB withdrawals from exchanges reached a new high of 1.02 billion tokens per transaction, a 30% increase, according to CryptoQuant. However, the surge is not linked to institutional wallet activity and may be driven by retail investors, while 86 trillion SHIB remain available on exchanges. The broader market remains fragile, with $1.6 billion in liquidations and Bitcoin falling below the critical $70,000 level. SHIB declined to $0.00000416, close to its July low, while extremely low trading volumes suggest limited volatility in the short term.
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