This month of August, altcoins continued to face strong correction along with Bitcoin. However, some of them are showing signs of recovery, particularly among them are Shiba Inu (SHIB) and Litecoin (LTC).
The Shibarium launch came up with major hiccups as the Shiba Inu (SHIB) price corrected 30% from its peak. As of press time, Shiba Inu (SHIB) is trading at a price of $0.0000079 with a market cap of $4.7 billion.
The positive development is that a lot of SHIB coins have been moving off exchanges recently. Over the past week, more than 2 trillion SHIB tokens have been pulled off from the exchange wallets.
From August 17 to August 26, holders of Shiba Inu have withdrawn 1.8 trillion SHIB tokens, equivalent to $14.5 million at the present market value of $0.000008. Notably, this surpasses 10% of Shiba Inu’s average trading volume in the past week.