Krutika Adani
Shiba Inu has been one of the top whale choices this altcoin season besides Ethereum and Chainlink.
Since May 27th, around 2.4% of SHIB on exchange wallets were moved to cold storage.
Several large investors and whales were spotted moving SHIB out of exchanges which shows long term accumulation.
With a reduced supply of Shiba Inu on exchanges, there might be a supply of SHIB on exchanges causing a demand-led rally.
Just two days ago, Shibburn reported the burning of more than 110M Shiba Inu tokens within a single day.