In the past 24 hours, Shiba Inu has experienced an upward trajectory, surpassing $0.0000055. This price recovery coincides with a broader revitalization in the cryptocurrency market. However, on-chain analytics suggest that the rise lacked substantial backing from demand forces. The latest data from CryptoQuant reveals a noticeable increase in Shiba Inu’s net inflows to exchanges over the previous day, accumulating approximately 144.87 billion SHIB. Despite this seemingly bullish trend, the overwhelming sell-side exchange inflows overshadowed buy-side withdrawals, indicating potential market pressure.