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Shiba Inu nears return to top 30 by market cap as 74.2 billion SHIB leaves exchanges

Shiba Inu (SHIB) is close to re-entering the top 30 cryptocurrencies by market capitalisation after large net outflows from centralised exchanges. It has recovered to No. 31 after slipping during a broader market downturn. At the time of writing, SHIB was priced at $0.000004230 with a market value of about $2.49 billion, around $20 million behind No. 30 Tether Gold. CryptoQuant data showed 74.2 billion SHIB in net outflows over 24 hours.