Shiba Inu whales deposit over 2 billion SHIB as negative net flow hits 20 billion

Shiba Inu whales made significant moves over the past 24 hours, with the top 10 wallets depositing more than 2 billion SHIB tokens onto major exchanges, according to on-chain data provider CryptoQuant. The deposited tokens, valued at $0.00000446 each, contributed to a total 2.281 billion SHIB transferred by these large holders within a single day. The overall exchange reserves for Shiba Inu have dropped slightly to 86.1617 trillion SHIB, which equates to $384.28 million at current prices. During the same 24-hour period, exchanges also recorded withdrawals totaling 3.4772 billion SHIB, highlighting both inflows and outflows from large holders. Despite these opposing movements, CryptoQuant’s statistics on net flows revealed a markedly negative trend, with Shiba Inu registering a net outflow of 20.0745 billion tokens across all major trading platforms.

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