Shiba Inu (SHIB) has experienced a significant 62% drop in exchange inflows, suggesting a decrease in selling pressure and potential accumulation by investors. According to on-chain data from CryptoQuant, there has been a net decrease of 1.008 billion SHIB tokens entering exchanges, while reserves remain stable at 82.08 trillion SHIB.
Technical indicators point to price consolidation above the $0.0000095 level, with a neutral-to-bullish outlook. This trend may signal investor confidence in the token's future performance, as reduced inflows typically indicate less selling activity and potential accumulation.
Shiba Inu Exchange Inflows Plummet 62%, Indicating Accumulation
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