Heavy Exchange Inflows Pressure on Shiba Inu's Price

Shiba Inu (SHIB) has experienced a rapid increase in exchange inflows, raising the likelihood of a significant drop in this meme coin’s price. Over the past 24 hours, holders have accelerated their transfer of SHIB to exchanges, indicating increased selling pressure. This market activity is not only affecting Shiba Inu’s price but also serving as a warning for its future recovery.

Holders Preparing to Sell: Explosive Growth in Exchange Net Flows

After remaining nearly stable last weekend, Shiba Inu’s exchange net flow suddenly surged on Monday. According to CryptoQuant data, a net flow of 182 billion SHIB tokens was recorded in the last 24 hours, reflecting a sharp 113% increase in a single day. This figure signals a sudden rise in supply — a scenario where sellers outnumber buyers.

Exchange reserve data further confirms this trend. From 81.135 trillion SHIB at the beginning of last month to the current levels, there has been a significant increase in SHIB holdings on exchanges. This trend suggests holders are preparing to convert their positions into stablecoins or other assets.

Shiba Inu Price Decline — Market Pressure Mounts

This increase in exchange flow is directly impacting SHIB’s price. Over the past 30 days, Shiba Inu has faced a 5.75% decline, with the long-term trend also downward. Although a slight recovery (+5.27%) was observed in the last 24 hours, the overall picture remains negative.

Until exchange-held SHIB is withdrawn by holders and demand improves, the risk of further price adjustments remains. Each rally is met with new selling pressure, posing a major challenge for this token. Analysts believe that unless major market indicators stabilize, SHIB is more likely to see further declines.

Positive Chain Data Signals: Improvement in Active Activity

However, there is a bright side. The number of active wallets in the Shiba Inu ecosystem increased by 0.87% in the last 24 hours. Similarly, the total number of transactions on the network rose by 0.81%. These signals indicate that despite the price decline, the SHIB user community continues to stay active.

Currently, Shiba Inu has approximately 1.56 million active addresses, showing that there is still a substantial user base for this meme coin. This data suggests that long-term interest remains vibrant in the market, even if short-term price activity is weak.

The Road Ahead: Potential for Shiba Inu Price Recovery

The future direction of Shiba Inu’s price now depends on whether holders continue to reduce their exchange holdings or shift toward long-term accumulation. If net exchange flow remains positive (more outflow than inflow), it could be favorable for SHIB.

For now, investors should exercise caution. Until the overall market conditions improve and demand for SHIB increases, further downward pressure on Shiba Inu’s price is likely.

Note: This content is provided for informational purposes only and should not be considered financial advice or an investment recommendation. Conduct comprehensive research before making any investment decisions.