92 Billion Shiba Inu (SHIB) in 24 Hours: Reasons Behind the Drop Are Clear Now

Shiba Inu (SHIB) selling pressure keeps on rising as exchange activity is certainly reflecting an uncertainty among traders and investors. Recent on-chain data shows that about 92.07 billion SHIB tokens flowed into cryptocurrency exchanges on a net basis, raising concerns about further downside as the meme coin struggles to regain bullish momentum . According to CryptoQuant data, Shiba Inu's exchange netflow reached 92.0678 billion SHIB, rising 0.77% over the last 24 hours. Positive netflow shows that more tokens entered exchanges than left them, potentially increasing the supply available for selling. Exchange inflows totaled 324.281 billion SHIB, representing a 1% increase, while outflows reached 232.2131 billion SHIB, rising 1.13%.

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