Shiba Inu Exchange Inflows Surge, But Rebound Uncertain

Shiba Inu's exchange inflows have seen a significant surge, but analysts are cautious about reading too much into it. According to data from Aug. 17, the seven-day moving average of exchange inflows rose by approximately 128 percent on short-term indicators and 87.76 percent over the past 24 hours.

Total exchange inflows also increased by 1.9 percent to around 147.57 billion SHIB. However, rising inflows alone do not necessarily signal a rebound in the market.

Exchange outflows rose by 4.27 percent over the same period to 234.62 billion SHIB, resulting in net exchange flows of about minus 87.01 billion SHIB.

The large transactions showed a similar pattern, with inflows to the top 10 exchanges at around 3.32 billion SHIB and outflows exceeding that at 4.51 billion SHIB, up 9.86 percent.