On-chain data from CryptoQuant shows a negative exchange netflow for Shiba Inu at -145,196,700,000 SHIB, down more than 3% in a single day. This negative balance indicates that investors are moving more tokens to private wallets rather than sending them to exchanges for selling, which is considered a bullish signal for price. Despite a 1.74% decline in July and a current price of $0.000004130, exchange activity suggests buyers are gaining the upper hand over sellers. This momentum could allow Shiba Inu to return to positive monthly performance and regain upward price trajectory.
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