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Billions of Shiba Inu tokens hit exchanges amid crypto sell-off, pushing SHIB price down 10% this week

Market News
18 May 2026
Crypto news
View Source
Bearish
pluang ai news

Over 3 billion Shiba Inu (SHIB) tokens were transferred to exchanges on May 18, increasing sell pressure as the broader crypto market faced liquidations. SHIB's price dropped about 10% during the week and is down 54% over the past year, trading at $0.00000567. The spike in tokens on exchanges signals more supply ready for sale, which typically weighs on price without strong demand. Stabilizing SHIB will require increased buying interest or utility growth, with a planned cryptography upgrade in Q2 2026 potentially adding value but near-term price depends on whether the sell pressure eases.

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