Market participants have moved 1.3 trillion shib tokens to exchanges in a single day. The price of shiba inu has fallen by 3%, reflecting ongoing selling pressure. The meme coin’s key resistance is $0.00002800, while its critical support is $0.00001500.

Shiba Inu (SHIB) is experiencing a decline today, likely due to a significant sell-off as a large volume of tokens have been moved to exchanges in the past 24 hours. On October 7, market participants, including whales, moved 1.3 trillion SHIB tokens to centralized exchanges, likely for liquidation. This follows the trend of the previous day, when 789 billion SHIB were also moved to exchanges.