Shiba Inu Sees Massive Token Drop Amid Rising Price
Shiba Inu (SHIB) saw a massive drop of around 811 billion tokens in net exchange flows, indicating investors are actively repositioning rather than simply taking profits.
This significant decrease in SHIB tokens occurred despite the price rising about 5.5% to $0.00000521, breaking above key moving averages and nearing levels not seen since June.
Exchange activity remains high with increased inflows and reserves, while outflows are also substantial, suggesting dynamic trading rather than a one-sided sell-off.