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Shiba Inu (SHIB) sees 79% surge in exchange outflows, signaling bullish momentum at key $0.000005 price level.

Market News
31 Aug 2026
UToday
View Source
Bullish
pluang ai news

Shiba Inu (SHIB) has experienced a significant 79% increase in token outflows from centralized exchanges within 24 hours, with about 448 billion SHIB withdrawn compared to 135 billion deposited. This net outflow reduces the available supply on exchanges, which often supports price recovery. Currently, SHIB is testing the $0.000005 level, a crucial psychological and technical support zone, after retreating from a recent spike. While momentum is neutral, the increased outflows and declining exchange reserves suggest bullish potential if SHIB can maintain support and challenge resistance near $0.0000057.

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