Shiba Inu Sees Massive Token Withdrawal Despite Price Drop

Shiba Inu's downward trend continued as volatility persisted in the cryptocurrency market. Despite this, on-chain exchange data revealed growing demand for the token over the past 24 hours.

A negative net exchange flow of -28,304,500,000 SHIB indicated that more tokens were withdrawn from exchanges than sent back for sale, signaling easing selling pressure.

This shift has yet to reflect in the price, with Shiba Inu trading at $0.000004710, down 1.28% in the past 24 hours.