Shiba Inu Price Faces Pressure As Investors Transfer Trillions To Exchanges; WallitIQ (WLTQ) Emerges As a New Crypto Wallet Platform

The Shiba Inu price is facing challenges as billions of tokens flood exchanges. This influx of funds into a crypto exchange signals potential sell pressure

The price of Shiba Inu (SHIB) is coming under pressure as a large amount of tokens are being moved to cryptocurrency exchanges.

This usually signals that the investors are preparing to sell their SHIB holdings, which could lead to a sell-off in the coming days or weeks.

As a result, the SHIB price is likely to face challenges in the short term.

According to IntoTheBlock, a blockchain analytics firm, Shiba Inu’s net token flow has turned sharply negative, dropping from 205.85 billion to -155.45 billion — a massive shift of 361.3 billion tokens, indicating movement of tokens to exchanges.

A deeper analysis of the data reveals that Shiba Inu’s net outflows to exchanges reached 2.83 trillion during the review period, marking a 117% increase.

At the same time, exchanges’ inflows surged by 77.48%, totaling 2.68 trillion tokens.

The trend suggests that many large investors, often called “whales,” are offloading SHIB from their portfolios to exchanges.

While this doesn’t necessarily indicate a strong selling trend across the board, it highlights hesitation among key holders to accumulate more tokens now, sparking concerns about the future of the Shiba Inu price.

As the SHIB price investors move their holdings to exchanges, a new crypto wallet is emerging as a platform for investors looking for better crypto trading and wallet experience.

The platform, called WallitIQ (WLTQ), is designed to provide users with an optimal crypto trading and wallet experience by combining user-friendly interfaces with advanced AI capabilities.

With its user-friendly interface and sophisticated AI-powered security features, WallitIQ is made to satisfy its users’ demands. The platform employs facial recognition and biometric information as distinct identifiers to shield users from unwanted access.

Unlike conventional passwords and security keys, these distinct identifiers offer a safe way to confirm a user’s identity, which is easily forgotten or misplaced.

SolidProof, a well-known smart contract and auditing company, completed the platform’s smart contract audit to back this claim.

Moreover, WallitIQ’s AI-powered portfolio management system enables users to effectively evaluate their portfolios and balance the risks and rewards of investments.

Another useful feature is the Scan and Pay QR function. Users can swiftly finish their payment by scanning a QR code rather than manually entering wallet addresses or following difficult instructions.

The platform’s native token, WLTQ, powers the altcoin’s utility functions and enables token holders to participate in platform decision-making.

Moreover, the altcoin can be used to pay gas fees during transactions, eliminating the stress of users converting other assets in their crypto wallet.

In addition to these remarkable capabilities, WallitIQ facilitates DeFi user interactions. Users can eliminate the need for manual transactions by using smart contracts to automate important procedures like scheduled trades, particularly in volatile market conditions.

It is also necessary to draw attention to WallitIQ’s multilingual AI chatbot. The WallitIQ AI chatbot assures users that help is always available.

To guarantee smooth operations, this useful chatbot can help users with wallet configuration and transaction completion.

Beyond just trading, WallitIQ is also designed for everyday practical use. Users can incorporate their tangible assets, like passports or crucial documents such as receipts, into their digital wallet via the Physical to Digital (P2D) feature.

The WLTQ altcoin has now been listed on CoinMarketCap. The token’s presale presents investors with market opportunities. Currently, the WLTQ token is selling for a low price of $0.0171 as it continues to gear up for its official launch.

Conclusion

Unlike the Shiba Inu price which is facing resistance, WallitIQ’s value proposition is enough reason for investors to consider purchasing a share of the token in its presale.

The token is still selling for $0.0171 in its presale, but knowing how crypto works, the price may not remain the same for long.

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This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.