Update
Shiba Inu Shows Strength with Large Token Outflows
Exchange data indicates a significant amount of Shiba Inu (SHIB) leaving trading platforms, with a negative netflow of 32.76 billion SHIB. This suggests less selling pressure and growing network use, with active addresses increasing by 1.01% to 165,200. SHIB's price has held at $0.00000514, up 3.92% in 24 hours, and the reserve chart shows a stable drop in total SHIB on exchanges, currently at 87.09 trillion tokens. The bigger picture remains weak, with SHIB down 15.31% over 180 days and 50.19% over one year, but buyers are slowly coming back. Derivatives markets are calm, with liquidations at $28,800 in 24 hours, and the long/short ratio on OKX is 2.79, indicating a lean towards long positions.