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Shiba Inu Surges to $0.000005 on Exchange Netflow and Broader Market Gains

Guavy AI Editorial Team
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SHIB
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Shiba Inu's price surged nearly 10% on Wednesday, reclaiming the $0.000005 threshold after weeks of trading below it.

The rally came as data showed a massive wave of tokens leaving centralized exchanges, a signal typically interpreted as declining sell pressure and rising accumulation.

The exchange netflow for Shiba Inu was at negative 207 billion tokens on the daily view, according to CryptoQuant's data.

This indicates that more coins are being withdrawn than deposited, which can ease downward price pressure in both spot and futures markets.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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