Shiba Inu recorded approximately 2.4 trillion SHIB in gross exchange inflows over 24 hours as its price surged from $0.0000042 to $0.0000054. However, netflow proved much smaller at around 22.6 billion SHIB since 2.376 trillion tokens simultaneously left trading platforms. Centralized exchange reserves have dropped to a historical low of 86.1 trillion SHIB, and South Korean retail activity, particularly on Upbit, emerged as the primary catalyst for this movement. No concrete evidence indicates that a single entity caused the entire inflow, but the combination of whale accumulation, decreased exchange liquidity, and Korean-led speculative demand explains this double-digit rally.
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