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Shiba Inu exchange outflows fall, net inflows jump, raising short-term pressure

Shiba Inu’s average exchange outflows have fallen 78 percent from a recent peak, weakening an on-chain signal that had supported prices. Blockchain outlet U.Today reported that slower outflows and a shift to net inflows have increased short-term supply pressure for SHIB. Total exchange inflows and outflows both rose slightly, with net inflows turning positive. Network activity improved modestly, but the price stayed around $0.00000514 near short-term moving averages.