The cryptocurrency market is witnessing notable shifts, particularly with Shiba Inu (SHIB) as 459 billion tokens have recently left exchanges. This movement suggests a significant change in token location, moving away from centralized exchange wallets.
Over the past week, the netflow data indicates that SHIB”s supply has steadily declined on exchanges, culminating in over 280 billion SHIB exiting in a single session. This marks the largest withdrawal recorded in that timeframe. Such actions often imply that the tokens may be directed towards long-term projects, like decentralized finance (DeFi) or cold storage, rather than immediate selling.
Despite this supply movement, the price of SHIB has not shown strength. It continues to decline, with major moving averages such as the 50, 100, and 200-day averages all trending downward. The token”s price remains considerably below these averages, reflecting weak demand in the market.
Meanwhile, a striking prediction has emerged from YoungHoon Kim, an individual claiming an IQ of 276, suggesting that XRP could outperform both gold and silver by 2026. The prediction arrives as XRP”s price sits around $1.87, up 1.44% in the last 24 hours. In contrast, gold and silver have shown significant gains, with silver rising approximately 167.70% recently. Kim”s assertion positions XRP against traditional safe-haven assets, which has garnered substantial attention.
In addition to these developments, the performance of Bitcoin exchange-traded funds (ETFs) is facing scrutiny. Recent reports indicate that Bitcoin ETFs have seen outflows nearing $6 billion since their peak. Analysts highlight that this capital flight challenges the narrative of ETFs as “sticky capital,” which typically attracts long-term institutional investors.
The current market conditions are testing the resilience of Bitcoin ETFs, with significant drawdowns observed compared to previous corrections. If Bitcoin”s price continues to decline toward the realized price of these ETFs, many institutional investors may find themselves at a loss.
As the landscape continues to evolve, these movements within the crypto ecosystem underscore the dynamic nature of digital asset investment, raising questions about the future trajectory of both SHIB and XRP.
