With over 700 billion tokens recorded in exchange-related flows over the last day, Shiba Inu has recently seen a significant increase in on-chain activity. Although price action is still erratic, following weeks of drops in the overall cryptocurrency market, underlying indicators point to the potential slowdown of the aggressive selling phase.
Shiba Inu exodus yet to come
Exchange outflows have significantly increased in comparison to inflows, according to recent data. To put it simply, there are more $SHIB exiting exchanges than entering. Usually, this activity shows that investors are transferring tokens into personal wallets instead of getting them ready for sale. When market participants opt for accumulation or long-term holding rather than panic-selling, such movements frequently occur close to local bottoms.

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