Markets· ★★· neutral·

SHIB sees 465 billion token inflow to exchanges, but selling pressure weakens

  • —SHIB exchange inflows over 24 hours: 465.65 billion tokens, +2.46%
  • —Outflows totaled 350.42 billion SHIB, net inflow was 115.23 billion
  • —SHIB rebounded from $0.00000480 to $0.00000537 after strong buying
  • —Total tokens transferred rose 1.09% to 3.006 trillion SHIB
Why it matters: The market is absorbing a large inflow to exchanges without a new price drop, which may signal the end of the selling wave.
#SHIB
Source: U.Today
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