Shiba Inu Under Pressure as 40B SHIB Flow Into Exchanges 🐶📉
Shiba Inu faced fresh downside this week after nearly 40 billion SHIB moved onto exchanges in just 24 hours — a sign that selling pressure may be building. 😬
According to CryptoQuant, exchange reserves climbed from 81.20T to 81.29T $SHIB , meaning more tokens are now sitting where they can be sold quickly.💸
🔻SHIB fell about 4% during the same period, in line with the broader crypto pullback.
🧐Technically, the token also struggled: analysts say SHIB tried to break above a descending triangle pattern but got rejected — a bearish signal that often fuels more selling momentum.
✋️But not everything is negative.
The Shibarium team reported strong ecosystem activity, with 5,000–12,000 new wallets created every month, pushing total holders beyond 1.5 million.
Retail interest is still alive, even if the price is under pressure.🫡
SHIB’s charts looks short-term volatility on the surface, long-term growth slowly building underneath.👀
💬 What’s your take — temporary dip or deeper weakness?
Share your thoughts or follow for more crypto updates!