14.87B SHIB tokens have flowed out of exchanges, easing sell pressure. Even though it’s still lurking in a bear market, at least we’re seeing some signals of holders staying put.

CoinEx News reported that Shiba Inu (SHIB) recently saw about 14.87 billion tokens move out of exchanges, which may be the first bullish signal in months. Although SHIB is still in a broader downtrend, this notable on-chain development has drawn traders’ attention. Negative net outflows usually mean fewer tokens are available for immediate sale, because more tokens are withdrawn from exchanges than are deposited. While a single day of outflows doesn’t always indicate a trend reversal, it typically suggests improved investor sentiment, with a tendency to hold rather than sell. Over the past 12 months, SHIB has lost nearly 69%, and it is down more than 40% year to date.