Shiba Inu exchange netflow turns negative as 2 trillion SHIB withdrawn

Shiba Inu, the popular meme-inspired cryptocurrency, has registered a notable shift in exchange netflow amid widespread selling pressure across the broader crypto market. Recent data reveals that the asset’s on-chain signals are diverging from the prevailing market trend, with exchange activity illustrating renewed engagement by bullish traders. According to analytics provider CryptoQuant, the amount of SHIB tokens held across all centralized exchanges fell to approximately 85 trillion SHIB on October 31. Just days earlier, this figure stood at 87 trillion SHIB, representing a withdrawal of around 2 trillion tokens in a matter of days. The sharp decrease points to an increased accumulation of SHIB by investors, despite the fact that its price action has not broken out of its recent trading range.

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