The leading meme asset Shiba Inu is trying to break through the price amid prolonged volatility, as the movements of funds on exchanges begin to signal increasing demand.
After several days of positive dynamics, the cash flow indicator on exchanges for Shiba Inu decreased by approximately 1% over the last day.
This decrease indicates that the number of tokens sent to exchanges for sale over the last day was significantly lower than the number of Shiba Inu tokens purchased on exchanges.
According to the analytical platform CryptoQuant, the net inflow of Shiba Inu funds on all supported cryptocurrency exchanges as of January 25 is -31,737,600,000.
Currently, Shiba Inu is trading in the red zone, having fallen by 1.45% over the last day. At the same time, the decrease in net flow on exchanges indicates an increase in demand, and a price correction may be nearing completion.
The net flow $SHIB is the difference between the inflow and outflow of Shiba Inu tokens on exchanges. This means that the volume of tokens $SHIB , withdrawn from exchanges during large purchases, exceeds the volume of tokens returned to exchanges for sale by more than 30 billion tokens.
Considering everything, many small and large holders $SHIB have stopped showing interest in selling their assets. Instead of a prolonged panic sell-off caused by a weakening of investor sentiment, long-term holders are moving their tokens to self-custody wallets to hold them.