Dogecoin and Shiba Inu traders have shifted a significant portion of their holdings to exchanges, according to CoinDesk via the ZY Crypto write-up “Shiba Inu Exchange Reserve Spikes, Triggering Selloff Fears.”
The desk points to a spike in exchange reserves as the key signal. In the source text, the described behavior is straightforward. Traders “doubl[ed] down on profit-taking after recent gains” by moving more assets onto trading venues.
That move matters because it often lines up with increased sell pressure, even if it does not guarantee one. More tokens on exchanges can make selling easier, which is why the article frames “selloff fears” around the reserve jump.
Note the limitation in the provided source. The text does not include the size of the reserve change, the timeframe, or any on-chain breakdown beyond the claim that traders moved “a significant portion” of holdings.