Shiba Inu Displays Mixed On-Chain Picture Amid Massive Token Outflows

Half a trillion Shiba Inu (SHIB) tokens left exchanges in the past 24 hours, causing a mixed on-chain picture for the cryptocurrency.

The total outflow was nearly 406 billion SHIB, despite exchange inflows exceeding 603 billion SHIB. This resulted in a positive net exchange flow of about 197 billion SHIB.

Large holders are still removing significant amounts of tokens from trading platforms, with an average outflow size increase indicating their continued involvement.

The rising exchange reserves, which usually signal a bearish trend, are being offset by the elevated exchange withdrawals, suggesting investors are accumulating assets for long-term holding rather than short-term selling.