Shiba Inu Exchange Activity Paints Bullish Picture Amid Price Slowdown
Shiba Inu's price has been slow to recover from its recent rally, falling back into negative territory as the broader crypto market experiences increased sell pressure.
However, on-chain data from CryptoQuant suggests that investor demand for SHIB may be higher than initially thought. Over 74 billion SHIB tokens have moved off exchanges in the past 24 hours, indicating a significant buying interest.
This positive exchange netflow is unusual given the current market conditions and could potentially signal a price reversal for Shiba Inu.