Shiba Inu recorded a net outflow of 33,217,400,000 SHIB from exchanges over the last 24 hours, according to onchain data dated today. The negative net flow indicates a higher volume of withdrawals than deposits across centralized platforms.
The outflows were recorded on exchanges such as Binance, Coinbase, and other high-volume platforms. The transfers involved large addresses and retail accounts, with multiple transactions spread throughout the day. No extreme concentration in a single address or isolated events were observed that altered the overall market pattern.
SHIB’s price is trading within a sideways range. The token hovered around $0.00000750 after a 3.95% decline. Trading volume remained stable compared with previous sessions, with no abrupt changes in liquidity. The memecoin maintains a positive performance for January despite the latest correction.
Source: https://cryptoquant.com/asset/shib/chart/exchange-flows
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