Shiba Inu's token flow has slowed down considerably, with 2.3 billion SHIB burned in just one day as net exchange activity settles near balance. After a volatile stretch marked by huge token movements, the market now seems to be stabilizing.
Exchange Flow Facts
Recent on-chain data shows a net exchange flow of roughly minus 2.31 billion SHIB over the last 24 hours. This signals slightly more tokens leaving exchanges than entering, a subtle shift compared to the previous weeks when trillions of SHIB moved amid sharp price swings. The current near-neutral netflow means neither heavy selling nor buying dominates.
Exchange reserves stand steady at about 86.99 trillion SHIB, reflecting that the volume of tokens held by centralized exchanges hasn’t changed much. Meanwhile, the seven-day average of SHIB outflows has dropped by 16.6%, while inflows ticked up slightly by 0.65%. This combination suggests that the intense withdrawal phase observed earlier this week is easing.
Market Reaction and Network Activity
Even with the cooling of exchange movements, Shiba Inu’s network activity remains relatively strong. The stabilized token flow points to a consolidation phase that could set the stage for a more sustainable price recovery. Traders will be watching closely for whether this calmer environment persists or shifts back into volatility.
For additional context, similar dynamics have been observed in other altcoins recently, indicating a broader market trend rather than an isolated SHIB event.
This content is for informational purposes only and does not constitute financial advice.
