Shiba Inu is seeing a sudden shift in trader behavior. Over 1.3 billion SHIB tokens have moved off exchanges in the last 24 hours. That’s a lot more tokens leaving than coming in.
Data from CryptoQuant shows SHIB’s exchange netflow sitting at -1.3 billion. Negative netflow generally means accumulation — people are buying, not selling. After weeks of heavy price drops across the crypto market, that’s a change of pace.
SHIB’s exchange reserve has stayed flat, but the netflow tells the real story. Traders are scooping up the meme token while sentiment flips bullish. The broader crypto market is seeing a sharp resurgence after multiple weeks of corrections, and SHIB is riding that wave.
Price-wise, though? Still hasn’t reclaimed those highs investors are waiting for. SHIB is trading around $0.000004349 at time of writing. It’s up, but not exactly booming.
The $0.000005 level is the next real target. Analysts think sustained demand and consistently positive exchange activity could push SHIB there — maybe even drop another zero before year-end. That’s a big maybe, but the netflow data is the cleanest signal we’ve got right now.
For context, SHIB closed in on 1.6 million total holders this month, adding over 1,600 new addresses in July alone. The holder base is growing, even if the price isn’t cooperating yet.
