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1.484 billion Shiba Inu tokens head to exchanges as selling pressure mounts, risking price drop.

Market News
23 Aug 2026
UToday
View Source
Bearish
pluang ai news

Shiba Inu (SHIB) is facing increased selling pressure as data shows 1.484 billion SHIB tokens moving into exchanges, nearly four times the outflow amount. This surge in inflows suggests investors are preparing to sell, which could lead to a price correction. SHIB recently failed to maintain gains above $0.000006 and remains below a key resistance at $0.00000574. If the token cannot reclaim these levels, selling pressure may intensify, with support levels around $0.0000049 and $0.0000046 in focus for the near term.

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