505 Billion Shiba Inu (SHIB) in 24 Hours: April's Biggest Bullish Sign Yet

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Exchange outlfows are piling up Shiba Inu activity is growing Advertisement With exchange netflows indicating a massive -505 billion SHIB over the last 24 hours , Shiba Inu just printed one of its strongest on-chain signals this month. Exchange outlfows are piling up That number shows a large net outflow from exchanges, indicating that more tokens are being taken out than put in. This kind of movement is typically linked to accumulation behavior, as opposed to sudden selling pressure. SHIB/USDT Chart by TradingView SHIB is still recovering structurally from a protracted decline. After months of steady decline, price action is still comparatively compressed near local lows, trading in a small range. Because the asset is still below important moving averages, the overall trend has not yet turned bullish. HOT Stories 'Breath of Fresh Air and Sanity': Ripple CEO Heaps Praise on New SEC Head XRP Might Not Hit $2 Now Because of This, Will Hyperliquid (HYPE) Hit $50 on Next Run? Ethereum's (ETH) Time to Shine: Crypto Market Review The net outflow alters the context. Large token withdrawals from exchanges usually indicate that holders are shifting their holdings into long-term or cold storage positions. As a result, there is less readily available supply for spot sales, which may lead to upward pressure if demand starts to rise. To put it simply, there is less immediate liquidity to absorb purchases when there are fewer tokens on exchanges. Advertisement Shiba Inu activity is growing The number of active sending addresses has grown, suggesting increased involvement. It is a positive development that exchange inflow averages have decreased significantly at the same time. The bullish implication of the net outflow data is strengthened by lower inflows, which indicate fewer tokens are being put up for sale. You Might Also Like Tue, 04/21/2026 - 10:23 Dogecoin Transaction Volume Near $800 Million as Price Rally Fuels Dramatic Surge By Caroline Amosun Nevertheless, the market is still not completely aligned. The fact that both total exchange inflows and outflows are marginally higher suggests that activity is still uneven. When distribution and accumulation overlap , this type of environment frequently occurs during transition phases. Advertisement The net outflow, which is a powerful signal, must be followed by price confirmation. To confirm a trend reversal, SHIB needs to break above adjacent resistance levels and recover important moving averages. Without it, the current situation is still more of a base-building stage than a confirmed rally. #Shiba Inu #Shiba Inu (SHIB) News