Over 264B Shiba Inu Flows to Exchanges as Selling

Over 264B Shiba Inu Flows to Exchanges as Selling Pressure Pushes SHIB Below $0.0000053 More than 260 billion Shiba Inu tokens have flowed into crypto exchanges over the past 24 hours, potentially increasing selling pressure on $SHIB. According to CryptoQuant data, Shiba Inu’s total exchange inflow currently stands at 599.18 billion $SHIB, marking a 2.62% increase over the past 24 hours. Meanwhile, exchange outflows reached 334.94 billion tokens, up 1.07% during the same period. As a result, the difference between inflows and outflows leaves $SHIB with a net exchange inflow of 264.24 billion tokens. This imbalance could raise concerns about potential profit-taking. Investors often transfer tokens to exchanges when they intend to trade or sell them. Shiba Inu Exchange Reserve Tops 87 Trillion $SHIB Moreover, the increase in exchange flows has pushed the amount of $SHIB held on trading platforms higher. CryptoQuant data shows that Shiba Inu’s exchange reserve has climbed to 87.12 trillion tokens, representing a 0.3% increase. At press time, these holdings were worth $461.73 million. Although the increase remains relatively modest, its direction is noteworthy. A rising exchange reserve means more $SHIB is readily available on trading platforms. Consequently, these tokens could become easier to sell, increasing the amount of supply potentially available to the market.