Shiba Inu Resumes Bullish Trend With 24,320,300,000 SHIB on Sale
Analysis
Price Impact
MedA significant amount of shib moving off exchanges (24.32 billion) indicates strong buying interest, potentially reducing selling pressure and paving the way for a price rally. however, the price is still in the red, and other metrics like the burn rate are not yet showing positive signs, tempering immediate impact.
Trustworthiness
MedPrice Direction
BullishThe massive net negative exchange flow suggests that investors are accumulating shib, moving it to cold storage or wallets, which is typically a bullish sign as it implies a belief in future price appreciation and reduced availability for selling. despite the current price dip, this accumulation trend points towards a potential upward price movement.
Time Effect
ShortThe data reflects activity over the last 24 hours. while the accumulation trend is positive, it may take a short period for this demand to translate into a noticeable price increase, especially if the broader market sentiment doesn't shift.
Original Article:
Article Content:
Cover image via U.Today Over 24 billion SHIB in demand SHIB price still in red Advertisement Shiba Inu is teasing another price rally as its exchange activity becomes bullish again, signaling a significant reduction in selling pressure. Latest data provided by crypto analytics platform CryptoQuant on Thursday shows that traders have acquired more SHIB tokens over the last 24 hours. Over the stated period, the amount of SHIB withdrawn from exchanges for buying purposes is massively larger than the amount sent to exchanges for sales, by multiple billions of SHIB tokens. HOT Stories Shiba Inu (SHIB) Gets ETF Chance After Canary's Newest Filing, $90.3 Million Hyperliquid Whale Opens Unusual XRP Long, Bitcoin Eyes $64,900 Return Amid Double Rejection From Bollinger Bands: Morning Crypto Report Treasury Secretary Bessent Urges Congress To Pass Major Crypto Bill Over 24 billion SHIB in demand After dropping by about 0.81% over the period, the Shiba Inu exchange netflow is now sitting at -24,320,300,000 as of Thursday, April 9. Advertisement Although the metric has come as SHIB continues trading in red territory, it suggests that market sentiment might be ready to flip in favor of the dog-themed meme token. You Might Also Like Wed, 04/08/2026 - 13:38 Shiba Inu Adds 157 Billion in Last 24 Hours, Hinting at End of Bullish Recovery By Arman Shirinyan This metric is promising a potential rally on the price of SHIB, as it shows that demand has outweighed sales, and investor interest is returning. Advertisement Although the Shiba Inu exchange netflow shows an extremely negative figure, it has brought relief to rising market fear as it marks a bullish signal for SHIB in such distressing market conditions. SHIB price still in red Although the current SHIB exchange netflow is flashing bullish signals, the Shiba Inu trading price is yet to accompany the metric in the bullish comeback. As of the time of writing, data from CoinMarketCap shows that Shiba Inu is trading at $0.000005873, marking a decrease of 3.77% over the last 24 hours. Source: CoinMarketCap While the surging demand is yet to reflect in SHIB’s trading price, it appears that other on-chain metrics are also yet to catch up with the bullish pace. The Shiba Inu burn rate has also remained negative, with about an 84% decline over the last 24 hours, stirring concerns among traders about SHIB’s potential price move. #Shiba Inu #Shiba Inu (SHIB) Price Prediction