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Shiba Inu exchange outflows ease after 164B SHIB Exit
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Shiba Inu exchange outflows ease after 164B SHIB Exit

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Shiba Inu recorded exchange netflows of roughly negative 164 billion SHIB over the past 24 hours, signalling that more tokens were withdrawn from centralised exchanges than deposited despite continued weakness in the meme coin’s price.

The latest on-chain data suggests exchange activity has eased considerably compared with elevated levels seen earlier this month, while declining exchange balances point to reduced immediate selling pressure.

Exchange reserves fell by a further 0.19% over the period, while active addresses, transfer activity and network velocity posted modest increases, indicating user engagement has remained relatively stable.

Negative exchange netflows are generally viewed as a constructive signal because they suggest investors are moving assets into self-custody rather than positioning them for sale on trading platforms.

Despite the improving on-chain backdrop, SHIB remains trapped in a broader downtrend that has dominated price action since March, with the token continuing to trade below its 20-day and 50-day moving averages.

The cryptocurrency is currently testing a key support zone near $0.0000055, while momentum indicators are approaching oversold territory that has previously preceded short-term relief rallies.

Investors are now watching whether exchange outflows continue across multiple trading sessions, as sustained declines in exchange reserves combined with stable or rising network activity could help establish a stronger accumulation base and support a potential recovery in SHIB prices.

At the time of reporting, Shiba Inu price was $0.055492.

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