Shiba Inu Exchange Inflows Surge, Heightening Sell-Side Pressure

The Shiba Inu (SHIB) cryptocurrency experienced a significant spike in exchange inflows over the past 24 hours, with over 531 billion tokens transferred to centralized exchanges.

This sudden increase in supply has raised concerns about potential sell-side volatility and altered market balance. The influx of SHIB tokens on exchanges can lead to increased selling pressure, as these tokens become immediately available for liquidation.

Technical indicators suggest that the market remains in a downtrend, with SHIB trading below key moving averages. While price action has been cautious rather than panicked, the risk of exaggerated price swings remains due to thin liquidity over the weekend.