Shiba Inu Selling Pressure Eases as Exchange Net Flow Drops
CryptoQuant data shows Shiba Inu's net exchange flow fell to 65 billion tokens on October 10, down from hundreds of billions in prior days. The metric remains positive, meaning deposits for selling still exceed withdrawals, but the decline suggests bearish pressure is easing. SHIB's price has also returned to positive territory, though analysts caution that selling risks have not disappeared.
Shiba Inu is an Ethereum-based meme coin with a large community, and market watchers often track exchange flows to infer short-term investor behavior. CryptoQuant data showed its net exchange flow at 65 billion tokens on October 10, a sharp drop from the hundreds of billions recorded earlier.
Because the reading stayed positive, more SHIB was still being sent to exchanges than withdrawn, a sign that sellers remained present. Yet the smaller total suggested their influence had weakened, and SHIB’s price had moved back into positive territory. Analysts still warned that selling risks had not vanished.
A continued easing of exchange deposits may affect retail SHIB holders and meme-token traders by reducing immediate sell pressure, potentially supporting sentiment. However, because net flow remains positive, volatility could persist, exposing less-experienced investors to rapid losses. Broader crypto market participants may watch such metrics as sentiment indicators, though this single data point may not reflect long-term social or economic effects.