Shiba Inu Price Struggles After 92 Billion SHIB Inflows
Photo: Cointribune
About 92 billion SHIB joined the platforms in one day, while the price of Shiba Inu remained under pressure. The number seems considerable, but it barely represents 0.11% of the reserves held on the exchanges: the real problem mainly comes from the lack of buyers. The net inflows of Shiba Inu on the platforms reached 92.07 billion tokens in 24 hours, according to CryptoQuant. Deposits totaled 324.28 billion SHIB, against 232.21 billion withdrawn during the same period. A positive net flow means that more tokens arrived on the exchanges than left.
Source: Cointribune
