Netflows to exchanges are positive at approximately 115,228 billion SHIB, with inflows of 465,652 billion SHIB versus outflows of 350,424 billion SHIB. Despite potential selling pressure from these high inflows, SHIB’s price no longer reacts with the same weakness, having briefly dropped below $0.00000480 before rebounding to around $0.00000537. Network activity remains stable with a 1.09% increase in transferred tokens to approximately 3.006 trillion SHIB, alongside rises of 0.96% in transactions and 1.03% in transfers. This price resilience against high inflows suggests seller exhaustion and potential market stabilization. Technical indicators show that SHIB has moved back above the short-term moving average zone between $0.00000500 and $0.00000520, although no definitive bullish reversal has yet been confirmed.
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