Shiba Inu Taps into Limited Supply for Price Recovery

Shiba Inu has seen a limited net exchange inflow during its recent price recovery, suggesting that the market's current trend is supported by a limited supply of coins. According to data, in the last 24 hours, there have been $623.3 billion in inflows and $449.8 billion in outflows of SHIB.

The coin has managed to break above its July lows, reaching a price of $0.0000055 per unit after dipping as low as $0.0000041.

Despite this recovery, market analysts warn that the current uptrend may not be sustainable unless there is significant growth in exchange reserves.