SHIB On-Chain Activity Surges 207%, Defying Price Volatility
Shiba Inu (SHIB) holders have triggered a significant surge in on-chain activity, resulting in a substantial increase in transfer volumes. According to CryptoQuant data, the average exchange inflow (Exchange Inflow Mean, MA7) has risen by 206.98%, surpassing the billion-token mark, while the average outflow (Exchange Outflow Mean, MA7) posted a simultaneous increase of 255.78%. This indicates a large-scale redistribution of liquidity among major players.
The balance remains tilted toward potential sellers, with an average inflow transaction amounting to 2.2786 billion tokens, roughly twice the average withdrawal of 1.0996 billion SHIB. However, despite this substantial supply overhang, incoming volumes are not driving prices lower and are being quickly absorbed by buying demand throughout the day.
Total exchange reserves stand at 87.16 trillion tokens, while the net daily balance (Exchange Netflow Total) shows a marginal negative reading of -0.24%, according to CryptoQuant. This fragile equilibrium mirrors capital rotation from Ethereum's $3,000 push and solidifies SHIB's status as a high-beta proxy asset.
The price chart is responding with consolidation, with SHIB confined to a narrow range around $0.0000052, steadily testing support following a recent correction from a local peak of $0.00000555. Meanwhile, the network itself remains highly active, with organic growth in the number of active addresses (0.92%) and receiving addresses (0.93%).