SHIB Exchange Inflows Soar to Over $1B Amid Whale Redistribution

Shiba Inu's (SHIB) exchange inflows have surged by an impressive 206.98%, exceeding one billion tokens, according to CryptoQuant data. This significant increase in on-chain activity indicates that large-scale holders are redistributing liquidity, potentially preparing for a sale.

The average transaction amount of SHIB entering exchanges is approximately 2.2786 billion tokens, roughly double the average withdrawal of 1.0996 billion SHIB. Despite this substantial supply overhang, incoming volumes are being quickly absorbed by buying demand throughout the day, maintaining a fragile equilibrium in exchange reserves.

The price chart reflects consolidation around $0.0000052, with support levels being steadily tested after a recent correction from a local peak of $0.00000555. The network remains active, with organic growth in the number of addresses and receiving addresses.