28 Billion SHIB Makes Exit: Netflow Flips Bullish Again

28 Billion SHIB Makes Exit: Netflow Flips Bullish Again News By Caroline Amosun Sat, 20/06/2026 - 22:04 Shiba Inu exchange activity turns bullish as millions of SHIB tokens flow out of exchanges amid increasing buy activity from traders. Advertisement Cover image via U.Today Shiba Inu eyes recovery Shiba Inu still in red Advertisement Shiba Inu has continued its downward trend as the broader crypto market volatility persists.

However, its exchange activity is beginning to provide a bullish outlook.As market sentiment is still barely positive, it appears that traders are beginning to show conviction in the leading meme token again and they have begun to buy more tokens over the last day.Shiba Inu eyes recovery Although Shiba Inu has yet to see a major recovery in its price, its exchange flow shows that demand is rising and selling pressure has begun to fade.

HOT Stories Analyzing XRP's Bounce Potential, Shiba Inu (SHIB) to Add 10% or Lose 10%? Can Zcash (ZEC) Get Back to the Top? Crypto Market Review Cardano Founder Teases Joe Rogan Appearance Data from crypto analytics platform CryptoQuant shows that the Shiba Inu exchange flow is currently sitting at -28,304,500,000 SHIB as of Saturday, June 20.

Advertisement You Might Also Like Sat, 06/20/2026 - 10:02 Shiba Inu Hits 1.59 Million Onchain Holders After June Adds 3,464 New Wallets ByTomiwabold Olajide This shows that the amount of SHIB tokens moved out of exchanges in the last 24 hours for buying purposes is more than the amount of tokens returned to exchanges in attempts to sell by over 28 billion.As such, the demand for the asset is rising, and it has begun to overwhelm the selling pressure seen in the previous days, which positions Shiba Inu for a potential price recovery.

Advertisement Shiba Inu still in redNonetheless, it is important to note that the bullish Shiba Inu exchange netflow arrives at a time when the broader crypto market is showing signs of a potential recovery, as the prices of leading crypto assets like Bitcoin and XRP show modest gains.However, this is yet to be the case for SHIB, as its price is still trading in the red, showing a decline of 1.28% over the last 24 hours and trading at $0.

000004710 as of the time of writing.Although the bullish exchange performance has yet to reflect in SHIB's current trading price, analysts are convinced that the asset will turn positive in the near future if demand persists. #Shiba Inu #Shiba Inu (SHIB) Price Prediction #XRP Shiba Inu eyes recovery Shiba Inu still in red Advertisement Related articles News Jun 20, 2026 - 15:40 Michael Saylor Shares Strategy's Resilience and Growth Since 2022 ByCaroline Amosun News Jun 20, 2026 - 15:00 Major Cardano Upgrade Moves Forward With Critical Dates Now in Focus ByTomiwabold Olajide Advertisement Advertisement Advertisement Latest Press releases SpaceX Continues to Drive Strong Trading Activity as MEXC SPCX Futures Daily Trading Volume Surpasses $800 Million USDT PremiumBlock Launches Non-Custodial Risk Hub for User-Created Prediction Markets, Perps and Web3 Poker Stratosphere, Pudgy Penguins and Streamex Host Founders Table VIP Dinner During ETHConf 2026 and NYC Tech Week Subscribe to daily newsletter Subscribe Recommended articles Reviews Jun 12, 2026 - 18:23 HIBT Event Contracts Review 2026: A Simpler Alternative to Crypto Derivatives U.

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