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Crypto

Shiba Inu Price Defies Bearish Netflow with Explosive Surge

Guavy AI Editorial Team
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SHIB
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The Shiba Inu (SHIB) exchange netflow has increased to over 69 billion SHIB, indicating that more tokens are being sent to exchanges for sale than removed for buying purposes.

Despite this bearish trend in exchange activity, the SHIB price has defied expectations and surged by over 10% in the last 24 hours, reclaiming its previous high of $0.000004566.

This divergence between price movement and exchange netflow suggests that buyers are aggressively absorbing the additional supply entering exchanges.

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