Shiba Inu Sees 79% Surge in Exchange Outflows Amid Bullish Pivot

Shiba Inu (SHIB) exchange outflows have surged by 79% over the past 24 hours, indicating a significant acceleration of tokens leaving centralized exchanges.

This marks a bullish pivot for SHIB, with the price currently testing the $0.000005 region after retreating from its recent high of $0.00000620.

The total outflows amount to approximately 447.7 billion SHIB, while exchange inflows stand at around 134.95 billion SHIB, resulting in a net flow of roughly 312.75 billion SHIB - significantly negative.

This shift is typically beneficial for SHIB, as withdrawals from exchanges reduce the number of tokens available for spot sales and can lead to a decline in exchange-side liquid supply.