Key Insights:
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Shiba Inu exchange netflow surged by 138 billion tokens in 24 hours, reflecting strong inflows and mounting selling activity.
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SHIB price remains near $0.0000065 as persistent exchange deposits outweigh withdrawals and suppress short-term recovery attempts.
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On-chain data shows weakening demand momentum, while heightened volatility continues to shape trader positioning across crypto markets.
Data from CryptoQuant showed that Shiba Inu exchange netflow climbed more than 6% by Feb. 21. The increase pushed total net inflows to 138,022,600,000 SHIB within a single day. This figure reflects the difference between tokens entering and leaving exchanges.
Netflow tracks whether investors move assets to exchanges to sell or withdraw them for holding. In this case, inflows clearly outweighed outflows. Consequently, more than 138 billion tokens returned to trading platforms, signaling increased intent to sell.
Selling Pressure Persists
Shiba Inu has struggled to regain upward traction during recent market swings. Besides broader crypto volatility, on-chain data highlights fading demand for the token. The steady rise in exchange deposits reinforces the view that holders are choosing liquidity over long-term storage.
Investors often move tokens to exchanges when they plan to reduce exposure. Moreover, sustained inflows typically add short-term supply pressure. The latest figures therefore align with SHIB’s muted price performance.
Price Action Remains Subdued
Shiba Inu continues to trade near $0.0000065. The token has failed multiple attempts to stage a sustained rebound in recent weeks. Additionally, price action remains capped despite temporary market recoveries across larger digital assets.
Heightened volatility across the crypto market has influenced trading decisions. However, SHIB has not matched the momentum seen in select large-cap tokens. Consequently, confidence appears restrained as traders react to continued downside movement.
Market Positioning Reflects Caution
The 24-hour surge in netflow marks one of the more notable inflow spikes this month. Significantly, repeated increases in exchange balances often indicate that holders anticipate near-term price weakness. The pattern suggests that market participants remain defensive.
While broader sentiment shifts frequently affect meme tokens, SHIB’s on-chain metrics now show a clear imbalance between buying and selling activity. Moreover, sustained exchange inflows tend to delay recovery phases.
Shiba Inu remains under pressure as exchange data underscores persistent supply growth on trading platforms, reinforcing the token’s ongoing struggle to regain momentum in volatile conditions.
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