Shiba Inu’s Price Surge: Is it a Temporary Rally or Signal of Instability?

Shiba Inu (SHIB) has experienced a notable price surge, jumping 8.71% in just one day to reach $0.00001009. While this rise is enticing, deeper analysis reveals a potential shift towards instability. Data from CryptoQuant shows an increase in SHIB’s net inflow to exchanges, climbing to 146 billion tokens—a 2.2% rise that suggests imminent selling pressure as investors move their holdings to exchanges. This pattern could signify a lack of investor confidence despite the price jump.