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835 million Shiba Inu tokens flow into exchanges in 24 hours, signaling potential selling pressure.

Technical Signals
20 Sep 2026
UToday
View Source
Neutral
835 million Shiba Inu tokens flow into exchanges in 24 hours, signaling potential selling pressure.

Shiba Inu (SHIB) saw a significant inflow of about 835 million tokens into exchanges within 24 hours, breaking the 800 million token barrier. This increase in exchange deposits suggests more tokens are becoming readily tradable, which could lead to selling pressure despite the token trading above short-term moving averages. However, the seven-day moving average of inflows has decreased by over 36%, indicating the recent spike may be temporary rather than a sustained trend. For SHIB to strengthen its technical outlook, it must break resistance levels around $0.00000560 to $0.00000570 and then target $0.00000590 to $0.00000620.

Shiba Inu (SHIB) trades at Rp0.0948 on Pluang, down 1.95% as of Sep 20, 2026 20:01 WIB, with a market cap of Rp56.02 trillion and a 24-hour trading volume of Rp1.65 trillion. Despite the recent inflow of 835 million SHIB tokens to exchanges noted in the news, Pluang data shows a strong sell sentiment with 82% of orders being sell and a typical hold time of 105 days. This suggests that while more tokens are available for trading, many investors on Pluang remain cautious or are locking in gains over a longer term.

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