Shiba Inu started the day with a gain of approximately 4%, but CryptoQuant data reveals a netflow of 241.877 billion SHIB on exchanges over the past 24 hours. This positive netflow indicates rising selling pressure, with traders dumping tokens rather than buying. The initial bullish trend quickly reversed, with the price now down around 0.45%. Market participants are hoping for a reversal in the SHIB exchange movement to accelerate a price recovery.
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