429 billion Shiba Inu tokens moved to exchanges in 24 hours, signaling potential selling pressure ahead.

Over 429 billion Shiba Inu (SHIB) tokens were transferred to exchanges within 24 hours, causing a significant increase in exchange reserves to about 81.7 trillion SHIB. This rise in reserves typically indicates that more tokens are being prepared for sale rather than accumulation, suggesting growing selling pressure. Despite a slight increase in active addresses, the price remains under pressure, trapped in a downward trend with resistance near key moving averages. Without a strong catalyst, SHIB's price is likely to decline further if it fails to break above resistance around $0.0000064–$0.0000066.