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⛓️ Crypto⚪ NeutralImportance 4/10

Shiba Inu Records -131 Billion in 24 Hours: Negative Netflow Signals Growing Demand

U.Today|Caroline Amosun|
🤖AI Summary

Shiba Inu experienced a negative netflow of 131 billion tokens from exchanges in 24 hours, indicating growing demand despite a 4% price decline. This exchange outflow suggests investors are moving SHIB to personal wallets for holding rather than selling.

Key Takeaways
  • →Shiba Inu recorded a negative netflow of 131 billion tokens from exchanges in 24 hours.
  • →SHIB's price fell over 4% despite the positive exchange flow metrics.
  • →Negative netflow typically signals growing demand as tokens move from exchanges to personal wallets.
  • →The exchange outflow suggests investors are holding rather than selling their SHIB positions.
  • →Market sentiment appears mixed with bullish on-chain metrics contrasting bearish price action.
#shiba-inu#shib#exchange-flow#netflow#meme-coins#demand#crypto-metrics
Read Original →via U.Today
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