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Shiba Inu faces selling pressure as 145.9B SHIB tokens flow into exchanges, testing $0.000005 support level.

Market News
29 Aug 2026
Coinpaper
View Source
Bearish
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Shiba Inu (SHIB) is experiencing renewed selling pressure after its August rally, with 145.9 billion SHIB tokens flowing into exchanges on August 29, increasing available supply and potential selling activity. This comes after a strong price rebound earlier in the month, but SHIB has since pulled back about 12% from its recent peak, reflecting broader market trends rather than token-specific catalysts. The key level to watch is $0.000005; a sustained drop below this could deepen the correction. However, inflows don't guarantee immediate sales, and SHIB's ongoing token burns provide some supply reduction, suggesting caution but not a collapse in the near term.

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