Shiba Inu Exchange Inflows Break 800 Million Token Barrier

Shiba Inu's (SHIB) exchange inflows have broken through the key barrier of 800 million tokens in just 24 hours, reaching an average of 818.3 million SHIB.

This is a significant milestone for the token, which has been struggling to establish a clear bullish breakout.

While this may indicate that more SHIB is entering exchange-controlled wallets, it's essential to note that positive netflow doesn't guarantee immediate selling pressure.

In fact, the mean exchange inflows' seven-day moving average has decreased by 36.54%, suggesting that the overall trend is still weaker than earlier spikes.