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665 billion Shiba Inu tokens activated, but price remains under pressure amid mixed market signals

Technical Signals
03 Jul 2026
UToday
View Source
Neutral
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Over 665 billion Shiba Inu (SHIB) tokens became active in the last 24 hours, driven by increased activity from large holders or whales. Despite this large injection, SHIB's price remains weak around $0.0000043, trading below key moving averages and facing resistance levels. Exchange reserves are declining, which can be positive, but net outflows slightly exceed inflows, indicating cautious market sentiment. The token activation suggests repositioning by major players rather than a clear sign of price recovery, with future price direction dependent on broader market trends and investor behavior.

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