Shiba Inu (SHIB) witnessed a substantial on-chain movement as over 204 billion tokens were withdrawn from exchanges within a 24-hour period. This activity indicates that holders are moving their assets to personal wallets, potentially reducing short-term selling pressure. Despite SHIB trading below key moving averages, the significant outflow is interpreted as a sign of market consolidation rather than panic selling. Investors are closely watching the 0.000007 USD support level and the sustainability of this outflow trend.