Key Summary

Shiba Inu recorded a 24-hour exchange netflow of -202,237,600,000 SHIB, roughly 5% smaller than the prior day, meaning more tokens left exchange wallets than entered them. Sustained outflows mechanically thin the sell-side inventory sitting on order books, which can amplify upside when demand arrives, but the metric alone does not distinguish accumulation from custody transfers, staking, or self-custody moves. A directional read needs confirmation from rising spot volume, positive perp funding, and a stabilizing SHIB/BTC ratio; a reversal to net inflows would flag renewed distribution pressure on a low-priced, high-beta memecoin.