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Crypto

Shiba Inu Price Surges 10% Amid Rising Sell Pressure

Guavy AI Editorial Team
Instruments
SHIB
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Shiba Inu's recent price surge has reached an astonishing 10% in just 24 hours, bringing its value to $0.000004566.

This remarkable increase comes despite a bearish netflow, with on-chain data revealing that 69 billion SHIB tokens have been moved to exchanges for sale.

However, the divergence between this selling pressure and the price action suggests that buyers are absorbing the extra supply, indicating strong demand in the market.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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