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SHIB crypto sees 37% rise in exchange activity with net outflows signaling growing demand but needs confirmation.

Market News
05 Jul 2026, 20:15 WIB
Cointribune
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Bullish
SHIB crypto sees 37% rise in exchange activity with net outflows signaling growing demand but needs confirmation.

SHIB cryptocurrency experienced a 37% increase in activity on exchanges, with net outflows exceeding inflows by 62.8 billion tokens, suggesting a potential accumulation phase as investors withdraw tokens to hold. This shift indicates renewed demand after weeks of weak sentiment and low volume, but the rebound remains fragile as the price is still low and must overcome resistance levels to confirm a sustained uptrend. The broader crypto market's stability and continued outflows from exchanges will be key to maintaining this momentum, while community factors like Shibarium activity and token burns may support long-term interest. Caution is advised as memecoins like SHIB are highly sensitive to market sentiment and liquidity changes.

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