Shiba Inu Sees 835M Token Inflows in 24 Hours Amid Selling Pressure
In brief
- Exchange inflows averaged 818.3 million SHIB tokens in 24 hours.
- Positive netflow of 112.71 billion SHIB indicates rising selling pressure on exchanges.
- SHIB trading at $0.00000537, unable to break above $0.00000550 resistance.
- Seven-day inflow average declined 36.54%, signaling weaker deposit momentum.
Exchange Inflows Accelerate, But Momentum Fades
The ten largest inflow transactions moved 5.67 billion SHIB, dwarfing the ten biggest outflow transactions at just 1.95 billion SHIB. That imbalance matters. Positive netflow indicates that more tokens are entering exchange-controlled wallets than leaving, which increases easily tradable supply and could lead to selling pressure.
But there's a catch. The seven-day moving average of mean exchange inflows has decreased by 36.54%, indicating that the overall inflow trend is weakening. The recent spike may not signal a sustained uptick in deposits—it could be a brief revival before momentum evaporates again.
Technical Resistance Holds Firm
SHIB is trading around $0.00000537, above its shorter-term moving averages clustered around $0.00000500–$0.00000520. That's the good news. The bad news? Multiple attempts to create momentum above $0.00000550 have been unsuccessful.
The bigger problem sits higher up the chart. The declining long-term moving average around $0.00000560–$0.00000570 represents the biggest technical challenge for Shiba Inu. That overhead resistance has proven stubborn. As the token struggles to establish a clear bullish breakout, the inflow surge looks less like a reversal and more like noise—investors moving tokens to exchanges to exit positions, not to accumulate.
