Shiba Inu commenced the day on a high, witnessing an approximate 4% rise; however, intraday on-chain data hinted at a weakening momentum. This initial upswing was followed by a gradual loss in pace, resulting in a modest pullback in its value. According to data from CryptoQuant, a noticeable shift has occurred in Shiba Inu’s exchange activities over the past 24 hours. Indications point towards a turnaround, with net flows moving into positive territory, suggesting a resurgence in selling transactions. CryptoQuant, a well-known platform for offering on-chain market data, reported a net inflow of 241.877 billion SHIB over the last day. This suggests a preference among investors to transfer tokens to exchanges for sales rather than withdrawals for purchases.