Shiba Inu Exchange Deposits Surge Past 800 Million $SHIB in One Day

The Shiba Inu (SHIB) token is experiencing another surge in exchange deposits, breaking through the key barrier of 800 million $SHIB in a single day. The average inflow has risen to approximately 818.3 million $SHIB, marking an increase of 0.97% from the previous time frame.

The total flows paint a more cautious picture, with exchange inflows totaling 287.59 billion $SHIB and outflows standing at 174.88 billion $SHIB. This leaves the overall exchange netflow positive at about 112.71 billion $SHIB.

However, there is evidence to suggest that this increase may be a brief revival rather than a long-term acceleration of deposits. The seven-day moving average of mean exchange inflows has decreased by 36.54%, indicating a weakening trend compared to earlier spikes.