Shiba Inu Sees Massive Exchange Inflow Amid Continued Outflows

Shiba Inu (SHIB) has seen significant exchange inflows in the past 24 hours, with approximately 468 billion SHIB moving into exchanges. This increase in inflow is important because tokens moved to exchanges can be traded and potentially sold quickly.

However, outflows continue to be substantial, providing crucial context. The seven-day moving average of mean exchange outflows increased by 62.69% to around 734.49 million SHIB, while total exchange outflows increased by 1.77% to approximately 438.71 billion SHIB.

Despite the increase in deposits, more SHIB is still leaving exchanges than entering them. However, there has been less price action as a result of this shift.