Shiba Inu Bears Lose Ground as SHIB Absorbs Heavy Exchange Inflows
Shiba Inu (SHIB) has resisted further losses despite exchanges receiving more than 465 billion tokens during the latest measured period. On-chain data shows exchange inflows reached 465.652 billion SHIB, representing a 2.46% increase across the previous daily session. Meanwhile, investors withdrew approximately 350.424 billion SHIB, leaving exchanges with a positive netflow near 115.228 billion tokens. Positive exchange netflows usually raise selling concerns because deposited assets become readily available for trading on centralized platforms.