Shiba Inu Netflows Plunge 70% as Kusama Doubles Down on Commitment
Shiba Inu's network activity just hit a wall—netflows cratering a staggering 70% while the project's lead developer reaffirms unwavering dedication to the ecosystem.
The Great Drain
Investors are pulling funds faster than you can say 'to the moon'—net outflows spiking as confidence wavers. The 70% drop signals mounting skepticism despite Kusama's bullish rhetoric about Shiba's long-term vision.
Kusama's Gambit
While retail traders panic-sell, the development team pushes forward with ecosystem expansions—because nothing says commitment like building while the ship sinks. They're betting big on utility while the market bets on exits.
Finance's favorite circus continues—where else can you lose 70% of flows while being told everything's going according to plan?
SHIB Exchange Netflow chart showing the dramatic 70% decline in token flows – Source: CryptoQuant
Shiba Inu Netflows Crash & On-Chain Metrics Show Sell Pressure Amid Kusama’s Commitment
Exchange Data Reveals Concerning Shiba Inu Netflows Crash Patterns
The shiba inu netflows crash represents one of the most significant on-chain developments for SHIB in recent months, actually. Exchange netflows typically support price stability when tokens move off exchanges, but this abrupt reversal is being interpreted as a bearish signal by traders right now.
Lower net outflows often equal higher exchange balances, and when accumulation slowdowns appear, traders interpret the metric as bearish because tokens become more available for liquidation. The sudden drop suggests more SHIB remains on exchanges, which raises the likelihood of Shiba Inu sell pressure ahead.
Exchange inflows have been climbing to approximately 1.5 billion SHIB on a seven-day mean basis, and this further reinforces concerns about accumulating sell pressure. This combination is creating concerning Shiba Inu on-chain metrics for short-term holders right now.
Kusama Reaffirms Commitment Despite Community Concerns
Shytoshi Kusama has actually addressed growing community concerns about his commitment to the project. The lead developer had been notably inactive on social media following the recent Shibarium Bridge hack that resulted in nearly $3 million in losses.
Kusama stated:
“I have only done well for Shib, and will continue to do so until, and after, I complete Ryoshi’s vision with or without your blessings.”
The developer confirmed that his focus has expanded beyond SHIB to pursue artificial intelligence initiatives. He dismissed speculations about distancing himself from the Core team, calling themwhile emphasizing collaboration with other developers like Kaal Dhairya.
Kusama had this to say about the AI initiative:
“The team is currently exploring the project in what he described as ‘the war room.'”
The crucial support level of $0.0000127 may actually be retested by SHIB if the current exchange netflows SHIB decline patterns persist, making this Shiba Inu netflows crash a critical metric to monitor for potential price movements at the time of writing.
