The dog-themed cryptocurrency Shiba Inu (SHIB) has experienced a significant increase in outflows, leading to speculation about the driving force behind this trend. Data shows that SHIB outflows have surged by 883% in a week, with large holder outflows increasing from 647 billion SHIB to 1.11 trillion SHIB. This surge in outflows coincided with a major sell-off that caused SHIB to reach lows of $0.0000196. However, what is intriguing is that the recent increase in outflows aligns with a nearly 10% price increase for SHIB, suggesting strong demand is absorbing the sell-offs. Despite the increased outflows, the rise in SHIB's price indicates the presence of strong buying pressure from other market participants, potentially retail investors or smaller whales. Moreover, SHIB's large holder inflows have risen by 177% since the start of the week. SHIB has experienced a significant jump in today's trading session and is currently up 8.78% in the last 24 hours. Key measures like trading volume and large holder transaction volumes have also increased, supporting the asset's upward trend. Moving forward, a break above the daily SMA 50 could signal further bullish movement for SHIB.



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