Shiba Inu (SHIB) experienced a significant outflow of over 110 billion tokens from exchanges, potentially reducing the immediate selling supply. Despite this, the price has not risen substantially, as broader crypto market weakness continues to weigh on SHIB. Concurrently, the Shibarium Layer 2 network is burning hundreds of millions of SHIB tokens, permanently reducing supply. However, these supply-side moves alone are unlikely to boost price without renewed demand and increased network activity.
Shiba Inu has seen a 26.4% increase in active addresses over the past week, rising from 1,983 to 2,506, signaling growing user participation despite its price remaining low and volatile. This surge in network activity contrasts with its weak price pe...
Shiba Inu (SHIB) saw a 14.86% spike in on-chain transfer volume as 740 whale wallets pulled billions of SHIB tokens off exchanges during a local price drop to $0.00000442. These large holders, controlling over 94% of SHIB's supply, moved tokens to co...
Shiba Inu (SHIB) has seen a sharp 66.52% decline in its average seven-day exchange outflow, indicating that holders are less actively withdrawing tokens from exchanges. This slowdown suggests a weakening in one bullish metric that typically reduces m...
Shiba Inu (SHIB) has seen a 128% increase in exchange inflows recently, signaling more tokens moving to exchanges. However, net outflows remain higher, with about 87 billion SHIB more leaving exchanges than entering, suggesting selling pressure persi...
Shiba Inu trades at $0.00000446, close to its 12-month low and 68.8% below its yearly high, reflecting a 65.5% decline over the past year. The price remains below key moving averages, signaling an ongoing downtrend, while trading volume is below aver...
