78 Billion Shiba Inu Netflow Triggers Brief Price Recovery
- —SHIB exchange netflow stood at -78.76 billion tokens on October 16
- —Withdrawals from exchanges exceeded selling volume over the past 24 hours
- —SHIB climbed back above $0.0000051 after losing the $0.000005 support
- —Selling pressure across the Shiba Inu ecosystem is starting to ease
Why it matters: Renewed holding demand could support SHIB's price, though the rebound's durability depends on continued capital inflows into meme coins.
Source: U.Today