92 Billion Shiba Inu (SHIB) in 24 Hours: Reasons Behind the Drop Are Clear Now
Photo: U.Today
Shiba Inu (SHIB) selling pressure keeps on rising as exchange activity is certainly reflecting an uncertainty among traders and investors. Recent on-chain data shows that about 92.07 billion SHIB tokens flowed into cryptocurrency exchanges on a net basis, raising concerns about further downside as the meme coin struggles to regain bullish momentum . According to CryptoQuant data, Shiba Inu's exchange netflow reached 92.0678 billion SHIB, rising 0.77% over the last 24 hours. Positive netflow shows that more tokens entered exchanges than left them, potentially increasing the supply available for selling.
Source: U.Today
