146 Billion Shiba Inu Tokens Moved To Exchanges, SHIB Faces Sell Pressure

Shiba Inu is trading at $0.0000055 on Monday, and this support level could be tested in the coming days as 145.9 billion SHIB tokens have been moved to exchanges, signalling a potential sell-off. These tokens were moved on August 29, 2026, and the chances of them being dumped remain high. The inflows to exchanges don’t guarantee immediate sell-offs, but they signal a gradual process in hitting the exit button. The risk of a downturn is high, and an entry position into SHIB can prove hazardous.

The coming weeks could be a test for Shiba Inu’s price zone, as billions of tokens are likely to be liquidated. This could lead to a price drop, and the $0.0000055 floor could be tested. If buying activity remains strong this week, the price can stabilize. However, SHIB is now receiving no new influx of funds, and money from first-time investors has mostly dried up. Traders are looking elsewhere for profits, as the dog-themed token has been on the back foot for over three years.

Also Read: Can Shiba Inu Delete A Zero If Bitcoin Hits $100,000?

… Continue reading the full article at the original source below.