Shiba Inu (SHIB) has experienced a significant on-chain movement with 263 billion tokens withdrawn from exchanges within the last 24 hours. This substantial outflow, reported by CryptoQuant, indicates a decrease in short-term selling pressure and suggests increased investor confidence. Whale activity points to accumulation at lower prices, contributing to this trend. Additionally, exchange reserves have decreased by 0.35%, while active wallet addresses have risen by nearly 1%, highlighting renewed engagement in the SHIB community.