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Shiba Inu price struggles as 92 billion SHIB tokens flow to exchanges, signaling weak buyer demand.

Market News
29 Oct 2026, 19:05 WIB
Cointribune
View Source
Bearish
Shiba Inu price struggles as 92 billion SHIB tokens flow to exchanges, signaling weak buyer demand.

About 92 billion Shiba Inu (SHIB) tokens were deposited to exchanges in 24 hours, representing only 0.11% of total reserves. Despite this large inflow, SHIB's price remains under pressure, struggling to rise above $0.0000052 due to weak buyer demand. The increase in tokens on exchanges could add selling pressure if demand does not improve. Continued inflows and a break below the $0.0000048 support level could lead to further price declines, while a rebound above $0.0000052 with higher volume may ease selling pressure.

Despite the large inflow of 92 billion SHIB tokens to exchanges, Shiba Inu's price on Pluang shows resilience, trading at Rp0,0915 with a positive 1-day change of 2.09% as of Oct 29, 2026 23:23 WIB. The market cap stands at Rp53,21 trillion with a 24-hour trading volume of Rp1,25 trillion. Pluang users show a balanced order activity with 53% buying and 47% selling, and the typical hold time is 107 days, indicating steady investor interest despite price pressures.

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