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Shiba Inu demand rises with 24.3 billion SHIB withdrawn, signaling potential price rally despite current price drop.

Market News
09 Apr 2026
UToday
View Source
Bullish
pluang ai news

Shiba Inu (SHIB) shows signs of a bullish trend as over 24 billion SHIB tokens were withdrawn from exchanges for buying in the last 24 hours, indicating rising demand. Although the SHIB price remains down by 3.77%, the net outflow suggests reduced selling pressure and growing investor interest. However, other metrics like the burn rate remain negative, and the price has yet to reflect this renewed demand. This could signal a potential price rally if buying momentum continues to build.

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