Shiba Inu Exchange Outflows Plummet 66 Percent Amid Price Weakness

Shiba Inu's exchange outflow indicator plummeted by 66.52 percent in just one day, according to U.Today, a blockchain outlet.

This sudden drop suggests that investors have become less active in moving tokens into personal wallets, but it does not necessarily mean that an equivalent amount of SHIB has entered the market.

Despite the decline, net inflow remained negative at around -49.82 billion SHIB, and total exchange holdings fell by a mere 0.06 percent.

The current 7-day average exchange outflow is approximately 368.18 million SHIB.

Shiba Inu's price action remains weak, trading at $0.00000443, down about 1 percent on the day.

The long-term moving average of $0.00000576 is well above the current price, and technical indicators do not show a clear rebound signal.