Shiba Inu jumps over 7% as exchange netflow reaches -202 billion SHIB

  • Shiba Inu traders increased exchange withdrawals after the Senate failed to pass the Clarity Act.
  • -202,237,600,000 SHIB marked a roughly 5% netflow decline as of September 17.
  • SHIB traded around $0.000005103 after gaining more than 7% in 24 hours.

Shiba Inu’s exchange activity has turned more favorable for buyers after the Senate failed to pass the Clarity Act, a setback that pushed the broader crypto market into a sudden bearish phase. CryptoQuant data shows SHIB’s netflow declined by about 5% to -202,237,600,000 SHIB as of September 17, indicating that more than 202 billion tokens moved out of supported exchanges, including Binance, than were deposited for potential selling. SHIB was trading at around $0.000005103 after rising more than 7% over 24 hours. The negative exchange balance is generally viewed as bullish because it can indicate that buyers are withdrawing tokens from exchanges rather than preparing to sell. Market experts cited in the report said the Clarity Act’s failure does not necessarily constrain the broader crypto market and that major crypto assets could perform well whether or not the bill is passed.

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