Shiba Inu Exchange Outflows Surge, But Inflows Rebound Even Faster
Shiba Inu's exchange outflows have been on the rise in recent times, increasing by a significant 121.26% over the past seven days.
This increase may indicate that more tokens are leaving trading platforms, which could potentially reduce immediate sell pressure.
However, this is not entirely accurate as inflows rose even faster by 182.3%, resulting in a positive net flow of 86.53 billion SHIB.
This surge in inflows means more tokens are entering exchanges than leaving, which may limit upward price momentum despite the outflow rise.