Shiba Inu Outflows Jump 103% as SHIB Battles Price Correction

Shiba Inu is facing a bit of a rough patch as the market weighs a potential price correction. However, a key metric is showing a huge shift that could change everything for the meme coin. In the last 24 hours, exchange outflows for SHIB have jumped by over 103 percent.

When tokens leave exchanges, it usually means holders are moving their assets to private wallets. This often signals that investors want to hold for the long term rather than sell. This sudden spike in outflows suggests that big players might be stepping in to buy the dip or protect their positions.

While the price is still sitting in a risky zone, this change in on chain data provides some much needed hope for the SHIB community. If this trend continues, the reduced selling pressure could help stabilize the market and push the price back up. Traders should keep a close eye on these outflow numbers to see if the momentum holds.