Shiba Inu’s exchange netflow has dropped by over 97% in the last 24 hours, reaching more than 226 billion SHIB as of August 1. This significant decline indicates that traders have sent more tokens back to exchanges than they have withdrawn, suggesting sell-off pressure that outweighs demand seen during previous trading sessions. Despite this bearish signal in exchange activity, SHIB’s price has rebounded with a daily increase of over 7%. Last week, SHIB surged by over 30% in a single day, and holders remain optimistic about a potential new parabolic price move.
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