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CryptoQuant data shows that as of October 24, Shiba Inu (SHIB) experienced a net outflow of 95.68 billion SHIB from exchanges
CryptoQuant data shows that as of October 24, Shiba Inu (SHIB) experienced a net outflow of 95.68 billion SHIB from exchanges, indicating a bullish reversal in trading activity where demand outpaced selling pressure. Despite a broader market downturn, SHIB's price has fallen over 5% in the past 24 hours, breaking below the $0.000005 support level and currently hovering around $0.000004815. Analysts believe that increased buying activity on exchanges is expected to drive a price rebound.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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