Shiba Inu Exchange Inflows Surge by 75 Billion Tokens
Shiba Inu (SHIB) has seen an influx of tokens into exchanges over the past day, with a net inflow of around 61.73 billion SHIB. This is up from previous readings and represents a significant increase in exchange supply.
The current total exchange inflow stands at 193.32 billion SHIB, with outflows at 131.59 billion SHIB. This means that more tokens are becoming available on centralized trading platforms, which can lead to increased selling pressure if not absorbed by demand.
Exchange reserves have also seen a slight increase, rising by 0.07% in the past day and now standing at around $477 million. However, this change comes at a time when SHIB's price remains fragile, trading at around $0.00000543 after rebounding from August lows near $0.0000044.