ShibaInu On Solana (SHIB)

#ShibaInu remains firmly in bearish territory, with the token plunging to a five-year low of $0.00000404 on June 25, Interestingly, the price decline has coincided with a sustained wave of exchange withdrawals that began on June 25.

According to CryptoQuant’s exchange netflow metric, which measures the difference between exchange inflows and outflows, investors withdrew 158.35 billion $SHIB from exchanges on June 25 alone. The accumulation trend continued over the following days:

June 26: 85.72 billion SHIB withdrawn
June 27: 125.55 billion SHIB withdrawn
June 28: 124.15 billion SHIB withdrawn

In total, investors removed approximately 494.77 billion SHIB tokens from exchanges between June 25 and June 28.
https://t.co/5PTcfEoEUu

#ShibaInu has officially dropped out of the world’s top 30 cryptocurrencies after months of sustained decline.

According to data from CoinMarketCap, Shiba Inu is now the 31st-largest cryptocurrency globally. Over the past seven days, the token has fallen by 11.22%, pushing its price down to $0.000004153 and reducing its market cap to approximately $2.44 billion.

As Shiba Inu continued to decline, Tether Gold (XAUT) overtook it to claim the 30th position in the global rankings. Currently, XAUT holds a market cap of $2.48 billion, allowing it to edge past Shiba Inu and secure its position among the top 30 cryptocurrencies. $SHIB
https://t.co/2OeGTovyuU

-443 billion Shiba Inu (SHIB) in 4 days: Whales absorb price dip amid extreme overselling $SHIB https://t.co/NbQE0LPuaZ