SHIB exchange inflows outpace outflows as price returns to key support

  • SHIB exchange inflows exceeded outflows despite a 121.26% rise in seven-day average withdrawals.
  • 318.28 billion SHIB entered exchanges versus 231.74 billion leaving, creating 86.53 billion in positive netflow.
  • SHIB traded near $0.00000520 after rejecting $0.00000540, with $0.00000500 as the next major support.

Shiba Inu exchange outflows rose 121.26% to roughly 579 million tokens on a seven-day average, but inflows increased 182.3% to about 1.68 billion SHIB. Total exchange inflows reached 318.28 billion tokens versus 231.74 billion in outflows, producing positive netflow of about 86.53 billion SHIB and indicating that immediately liquid supply continued to grow. Exchange reserves rose roughly 0.1% to 87.29 trillion SHIB. SHIB traded near $0.00000520, down almost 4% on the day after failing to hold $0.00000540, with $0.00000500 as the next major support and $0.00000568 as a larger moving-average barrier. The token has also shed much of its August rally, while open interest fell 36% from $74.3 million to $47.9 million. A modest burn of 3.59 million SHIB, worth about $18, offered little immediate offset to the exchange-flow pressure.

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SHIB exchange inflows outpace outflows as price returns to key support - CoinPost Terminal