Recently, Shiba Inu (SHIB) investors have started transferring their tokens to exchanges, potentially leading to increased volatility of the asset.

Increase in Volatility

According to CryptoQuant, the inflow of SHIB tokens to exchanges has significantly increased. This suggests that investors prefer to hold tokens on exchange platforms, which could enhance selling pressure.

Positive Factors for Shiba Inu

Despite potentially negative signals, there are positive news for Shiba Inu. For instance, Shibarium's layer-2 scaling solution has seen a significant increase in daily transactions. On October 18th, the transaction count was 28,110, and on October 19th, it rose to 324,590.

Decline in SHIB Burn Rate

Additionally, the SHIB token burn rate has dropped significantly by 99% over the past 24 hours. This could contribute to a reduction in the total supply and impact the market.

In conclusion, despite the increase in SHIB token inflow to exchanges and the decline in burn rate, positive developments on the Shibarium platform could positively affect Shiba Inu in the long term.