SHIB Sees Record-Setting Token Transfer to Exchanges Amid Downtrend

The recent transfer of approximately 549 billion SHIB tokens to cryptocurrency exchanges has sparked concern among market participants about Shiba Inu's short-term stability.

On-chain data reveals that exchange reserves have climbed sharply, which typically indicates holders transferring tokens to platforms where liquidation becomes easier. This increase in available tokens coincides with a broader downward price structure that has remained intact for weeks.

The persistent pattern of lower highs and lower lows on the daily timeframe continues to reflect the technical weakness. Key moving averages slope downward, consistently acting as dynamic resistance levels that cap upside momentum and limit recovery attempts.