Shiba Inu Rebounds 6%, Defying Bearish Pressure Amid Massive Token Influx

Shiba Inu staged a remarkable rebound of around 6% over the past 24 hours, climbing from $0.0000050 to near $0.0000054. Despite absorbing more than 465 billion SHIB tokens in fresh deposits on exchanges, the meme coin held its ground without extending its recent decline.

Exchange inflows reached 465.652 billion SHIB during the latest measured period, a 2.46% increase from the prior session. However, this influx did not deter buyers, as they actively absorbed the additional supply.

The recovery was particularly notable after SHIB briefly slipped below $0.00000480 before bouncing toward $0.00000537. This move created a pronounced lower wick on the daily chart, indicating strengthened demand at lower prices.