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Shiba Inu (SHIB) Sees Net Outflow of 78 Billion Tokens, Triggering Brief Price Rebound
CryptoQuant, a crypto analytics platform, reported that Shiba Inu (SHIB) saw a net outflow of over 78.7 billion tokens from exchanges in the past 24 hours, reaching -78,761,600,000 SHIB. This indicates that the amount of SHIB withdrawn from exchanges for holding purposes significantly exceeded the selling volume, signaling growing market demand and triggering a brief price recovery for SHIB, which is now trading above $0.0000051. Market analysts believe that if the bullish momentum continues, SHIB could break free from the "October slump" curse.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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