Shiba Inu Faces Selling Pressure After Massive Token Inflow

Shiba Inu is facing a new hurdle today. Data shows that investors moved approximately 75 billion tokens into exchange wallets over the past 24 hours. This type of movement often suggests that holders are preparing to sell their tokens on the open market.

The timing is significant because the asset was attempting a price recovery. Large inflows to exchanges typically create selling pressure, which can stall or reverse recent gains. Traders often monitor these exchange deposits to gauge whether whales or long term holders are planning to take profits.

Whether this leads to a steep price drop depends on how much buying demand meets the new supply. If investors continue to deposit large amounts of SHIB, the token may struggle to maintain its recent support levels. Market participants should keep an eye on exchange balance trends throughout the coming days to see if this selling trend continues.