Shiba Inu: Transfer of 4 billion SHIB from the exchange sends out a bullish signal
2026-09-07 23:48:06
According to CoinMeta, Shiba Inu recently saw 4 billion SHIB tokens transferred out of exchanges, indicating a bullish signal. Despite the overall volatility in the crypto market prices, the data suggests that traders have regained a bullish sentiment towards this leading meme token. According to CryptoQuant data, the net inflow into exchanges for Shiba Inu has turned bullish, showing a negative balance of over 4 billion tokens in the past 24 hours, which indicates that the number of tokens transferred out for purchase is significantly greater than the number sold. Since mid-August, Shiba Inu has been trading above $0.000005, and market analysts believe that if this momentum is maintained, it could regain and hold above $0.000006.
Source:U.Today
This content is for market information only and does not constitute investment advice.
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