Shiba Inu is back on track to reclaim the $0.000005 zone after multiple weeks below this level. According to data from crypto analytics platform CryptoQuant, over 207 billion SHIB tokens have been removed from the available supply on exchanges, creating a negative netflow of -207,257,000,000 SHIB, signaling declining sell pressure. The token surged 9.87% in 24 hours, driven by a broader crypto market rally where Bitcoin and XRP each climbed over 15%. Market participants anticipate SHIB could recover its multi-month high of $0.000006 from August if this momentum persists.
Source: Read the original article
