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Shiba Inu sees exchange balances rise despite large withdrawals, mixed market signals

Shiba Inu (SHIB) saw more than 500 billion tokens leave exchanges over the past 24 hours, a sign of accumulation by large holders, but exchange inflows and balances also rose, sending mixed signals. Data showed outflows of about 406 billion tokens versus inflows of more than 603 billion, for a net inflow of about 197 billion. SHIB trades around $0.00000500, holding above shorter moving averages but below the 100-day line.