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Shiba Inu Sees 79% Spike in Exchange Outflows Amid Price Consolidation

Guavy AI Editorial Team
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SHIB
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Shiba Inu (SHIB) has seen a significant surge in token outflows from centralized exchanges, rising by 79% within 24 hours. This amounts to approximately 448 billion SHIB withdrawn compared to just 135 billion deposited during the same period.

The net outflow reduces the available supply on exchanges, which often supports price recovery for cryptocurrencies like SHIB.

SHIB is currently testing the $0.000005 level, a crucial psychological and technical support zone after retreating from its recent spike.

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