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Shiba Inu price rises 4% as 78 billion SHIB withdrawn from exchanges signals renewed demand

Market News
16 Oct 2026, 16:17 WIB
UToday
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Bullish
Shiba Inu price rises 4% as 78 billion SHIB withdrawn from exchanges signals renewed demand

Shiba Inu (SHIB) has seen a 4% price increase following a significant net outflow of 78 billion SHIB tokens from exchanges, indicating growing investor demand. This shift suggests that more traders are holding SHIB rather than selling, easing previous sell pressure after weeks of volatility. While it's uncertain if this marks a sustained recovery, analysts are optimistic that continued bullish momentum could break the typical negative trend seen in October for SHIB.

Shiba Inu (SHIB) is trading at Rp0,0921 on Pluang as of Oct 16, 2026 20:31 WIB, showing a 3.61% increase in the last day. The market cap stands at Rp54,9 trillion, reflecting significant investor interest. Despite 62% of orders being sell orders, the typical hold time remains steady at 106 days, indicating a committed holder base.

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