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Shiba Inu whales sell 254B tokens to lock profits despite July market optimism

Market News
02 Jul 2026
UToday
View Source
Bearish
pluang ai news

Shiba Inu (SHIB) whales have moved 254.4 billion tokens to exchanges to take profits amid July's market optimism. After a price rebound from late June lows, large holders quickly sold into the rally, signaling skepticism about long-term growth. Retail investors are currently absorbing this selling pressure, keeping prices stable, but future price direction depends on whether retail buying can overcome whale selling. The market faces a key resistance at $0.00000431, with potential for either continued gains or a drop back to June support levels.

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