Shiba Inu Exchange Inflows Soar to 468 Billion SHIB Amid Price Volatility

Exchange inflows for Shiba Inu have surged to approximately 468 billion SHIB in a 24-hour period, with the price of SHIB trading near $0.00000515.

This comes as the token's short-term rising trendline has been broken since its August low, and the price is now positioned close to the 20-day moving average.

However, despite the increased inflows, on-chain data shows that outflows have also grown significantly, with the seven-day moving average of mean exchange outflows jumping by 62.69% to about 734.49 million SHIB.