Shiba Inu's Exchange Flows Turn Positive as Price Momentum Weakens

Shiba Inu's price momentum has weakened, and exchange netflow turned positive by 145.9 billion tokens on August 29.

This means more SHIB tokens entered tracked exchanges than left them, increasing immediately available supply and potentially making it easier for holders to sell.

The shift comes after a strong recovery earlier this month, where SHIB climbed from around $0.0000044 on August 18 to $0.00000590 by August 21 before losing momentum.

CoinGecko historical data shows the token closed August 28 around $0.00000519, leaving it roughly 12% below that recent peak.