U.Today Analysis: Shiba Inu (SHIB) Exchange Inflows Reach Approximately 465.652 Billion Tokens, But Selling Pressure May Be Exhausted
U.Today analysis indicates that after another volatile week, Shiba Inu (SHIB)'s exchange flows and daily price structure are beginning to stabilize, suggesting that the recent wave of selling pressure may be subsiding. The latest on-chain data shows SHIB exchange inflows of approximately 465.652 billion tokens and outflows of approximately 350.424 billion tokens, resulting in a net inflow of about 115.228 billion tokens. Despite the significant token inflows to exchanges, SHIB's price reaction to these inflows is no longer as weak as before. The daily chart shows that its price briefly fell below $0.00000480 before quickly rebounding to approximately $0.00000537, and has since recovered above the short-term moving average of $0.00000500-$0.00000520, which could signal seller exhaustion.
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