Shiba Inu’s seeing some action. Exchange netflow surged 37% in the last 24 hours, and the direction matters — more tokens are leaving exchanges than arriving.
Per CryptoQuant data, 62.8 billion more SHIB moved off exchanges for buying than flowed in for selling. That’s a clear signal: traders are accumulating, not dumping.
It comes as SHIB rebounds alongside the broader market. The token’s trading around $0.000004463, up from recent lows. Past weeks were rough — prolonged volatility had traders playing it safe. But this sudden flip in netflow suggests sentiment’s shifting.
Exchange outflows typically mean holders are moving tokens to cold storage or private wallets, which reduces sell pressure. When that happens alongside a price rebound, it’s a setup bulls like to see.
Whether this turns into a real breakout or just another blip depends on whether the buying keeps up. For now, the data says demand is real.
