Shiba Inu Exchange Outflows Surge 62% Amid Price Volatility

Shiba Inu (SHIB) has seen a significant surge in exchange outflows, with a nearly 62% increase over just a few hours. This comes as SHIB attempts to stabilize after one of its most volatile trading sessions this month.

The seven-day moving average of exchange outflows jumped from approximately 630 billion $SHIB to roughly 630.8 billion, representing a 5.9% daily increase and nearly a 62% acceleration compared to the levels seen just hours earlier.

This increase in outflows is generally interpreted as a reduction in immediately available selling supply, since tokens transferred to private wallets are less likely to be sold in the near term.