Shiba Inu (SHIB) recorded a net outflow of 28,304,500,000 tokens on June 20, according to CryptoQuant, suggesting heightened buying interest despite a 1.28% price decline.
Rising Exchange Activity
The net outflow indicates that more SHIB tokens left exchanges for wallets than returned for sale, surpassing the previous selling pressure by over 28 billion tokens. This shift reflects growing confidence among investors who are allocating blockchain assets to long‑term positions. Crypto analysts interpret the movement as a potential catalyst for a price rebound.
Current Price Trend
During the same 24‑hour window, SHIB traded lower, slipping 1.28% and remaining in negative territory. The modest decline contrasts with the