CryptoQuant on-chain data reveals that Shiba Inu’s exchange netflow has turned negative, with over 69 billion SHIB sent to exchanges for selling purposes, representing a net balance of 69,237,400,000 tokens. This bearish activity contrasts with an unexpected price move, as SHIB surged over 10% in 24 hours to reclaim $0.000004566. This divergence between on-chain signals and price action suggests that buyers are actively absorbing the additional supply entering the market, allowing Shiba Inu to withstand selling pressure despite bearish indicators.
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