In the past 24 hours, I was thinking about the amount of tokens coming into the Shiba Inu exchange. Looking at CryptoQuant data, I see a net inflow of 182 billion SHIB, which has increased by 113% over the past day. This means holders are continuously sending their Shiba Inu to exchanges, which is usually a sign of selling.

Another thing I noticed is that the Shiba Inu in exchange reserves has increased by 2% since February 15 until today. This increased pressure indicates that supply is higher in the market while demand is weak. SHIB has fallen 22% over the last month and is now trading near support at around 0.0000064.

But there is good news — the number of active wallets has increased by 0.87% in the past 24 hours, and the number of transactions has also risen by 0.81%. Despite price pressure, user activity on the network remains stable. Today, SHIB is about 2% lower, but it has gained +3.58% over the past 30 days, so a small recovery is still possible. Watching exchange flows is important because that will determine the next price trend.