Over 100 billion Shiba Inu (SHIB) tokens have been withdrawn from exchanges in the last 24 hours, according to CryptoQuant's on-chain data. This significant outflow is seen by some as a bullish indicator, yet its impact is minimal given SHIB's vast circulating supply of over 589 trillion tokens. Currently, SHIB is trading at $0.0000092, marking a 2% intraday increase after rebounding from its 2024 support level. Despite this, technical indicators remain mixed, with the price still below the 200-day EMA, indicating ongoing bearish pressure.