SHIB outflows hit 1 billion per transaction as exchange reserves remain high

The Shiba Inu (SHIB) token has experienced a notable surge in outflows from cryptocurrency exchanges, according to recent data from CryptoQuant. The average SHIB withdrawal per transaction has climbed to 1.02 billion tokens, marking a new high for the asset and indicating significant movement by holders. Despite this increase in outflows, the total amount of SHIB sitting on exchanges remains substantial, with approximately 86 trillion tokens still held on trading platforms. The current trend suggests that while some traders are moving large amounts off exchanges, overall inflows continue to surpass outflows at this stage.