Shiba Inu is under renewed selling pressure as on-chain metrics show more coins flowing onto exchanges — a bearish signal for the meme token amid worsening market sentiment tied to the U.S.–Iran conflict. What the data shows - CryptoQuant reports Shiba Inu’s exchange netflows have flipped positive, with roughly 39 billion SHIB more moving into exchanges than out. Positive netflows typically imply rising selling intent. - Santiment’s March 28 snapshot corroborates the trend: exchange inflows of 69.2 billion SHIB versus outflows of 30.74 billion — a sizable gap that aligns with SHIB’s roughly 5% price drop over the past week. Whales and supply dynamics - Larger holders appear to be sitting on the sidelines rather than buying the dip. Santiment notes daily whale transactions are now in the single digits, down sharply from averages above 100 transactions recorded in December 2025. - Still, there hasn’t been a mass exodus: whales continue to hold 774.25 trillion SHIB, comfortably above a recent low of 690.91 trillion. And exchange reserves remain below September 2025 highs — about 138 trillion SHIB on exchanges now versus a 143 trillion high — suggesting selling pressure hasn’t yet reached panic levels. Shibarium activity and burn rates - Shibarium layer-2 activity has been volatile. Daily transactions jumped from 3,430 on March 25 to a one-month high of about 10,940 on March 26, then plunged to 1,230 on March 27. A notable share of recent transactions were zero-dollar contract calls, signaling limited current utility for the network. - Reduced network activity has hit burn rates: Shibburn data shows daily burns plunged 66% to roughly 2.7 million SHIB in the last 24 hours, removing less supply than earlier periods. Price snapshot and outlook - At the time of writing, SHIB trades near $0.000005737, down just over 3% (CoinMarketCap). The increased exchange inflows and muted whale accumulation are clear headwinds, while exchange supply levels and steady whale holdings limit the likelihood of an immediate capitulation. Continued low utility and falling burns, however, weigh on SHIB’s longer-term deflationary narrative. Bottom line: on-chain indicators point to growing selling pressure for Shiba Inu, with exchange inflows and weak whale activity pressuring price, even as overall exchange supply and whale holdings suggest a full-scale sell-off hasn’t yet materialized. Ongoing geopolitical risk and delayed updates on Shibarium developments remain additional catalysts to watch. Read more AI-generated news on: undefined/news

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