Skip to main content

39 Billion SHIB: Shiba Inu’s Woes Are Far From Over As Sell-Offs Continue

Shiba Inu is facing renewed selling pressure as SHIB’s exchange netflows indicate that more holders are moving their coins to exchanges. This comes as the U.S.-Iran war continues to spark bearish sentiment for the foremost meme coin and the broader crypto market. 

Shiba Inu’s Exchange Netflows Turn Positive As SHIB Faces Sell-off

CryptoQuant data shows that Shiba Inu’s exchange netflows have turned positive, with a difference of around 39 billion SHIB. This indicates that the meme coin is facing increased selling pressure, as exchange inflows are currently well ahead of outflows. This development also coincides with the SHIB price decline, with the meme coin down 5% in the last week. 

Shiba Inu

Santiment data also shows the massive gap between Shiba Inu’s exchange inflows and outflows, further confirming the sell pressure that the meme coin is currently facing. As of March 28, Shiba Inu’s exchange inflow is 69.2 billion, while the outflow is 30.74 billion. Another negative is that SHIB whales are currently sitting on the sidelines and choosing not to accumulate the meme coin. 

Related Reading: Can Shiba Inu Still Make A Comeback? Lack Of Update On Shibarium L3 Proves To Be A Problem

Further data from Santiment shows that daily Shiba Inu whale transactions are currently in the single digits and effectively non-existent, down from an average of over 100 transactions recorded in December 2025. However, a positive for SHIB is that its supply on exchanges hasn’t climbed to the highs seen in September 2025. The current supply on exchanges is 138 trillion, still below the September high of 143 trillion. 

Meanwhile, although Shiba Inu whales are choosing not to accumulate and remain on the sidelines, the supply held by these cohorts remains steady, indicating there has yet to be a massive sell-off. These whales currently hold 774.25 trillion SHIB, above the recent low of 690.91 trillion SHIB.  

Shibarium Transactions Waver

Shibariumscan data shows that daily transactions on the layer-2 network remain volatile, with brief surges followed by new lows. The daily Shibarium transactions notably climbed from 3,430 on March 25 to a one-month high of around 10,940 on March 26. However, daily transactions quickly fell to a low of 1,230 on March 27. 

Meanwhile, it is worth noting that a significant number of these Shibarium transactions over the last few days have been zero-dollar contract call transactions, signaling a lack of utility for the layer-2 network at the moment. Shiba Inu burns have also crashed as a result of the decline in daily transactions on Shibarium. Shibburn data shows that Shiba Inu burns in the last 24 hours have crashed by 66%, dropping to 2.7 million SHIB. 

At the time of writing, the Shiba Inu price is trading at around $0.000005737, down over 3%, according to data from CoinMarketCap.

Shiba Inu

from Bitcoinist.com https://ift.tt/1FG907M
Labels:

Comments

Post a Comment

Popular posts from this blog

Ethereum On Exchanges Crashes To Historic Low Amid Market Volatility, A Bullish Signal For Price?

Ethereum saw a bounce back above the $3,000 price market , with bullish sentiment gaining momentum among investors, especially those on centralized exchanges. Even with the market experiencing sideways movements, the overall supply of ETH on crypto exchanges has fallen sharply, hitting unprecedented levels. Lowest Supply Of Ethereum On Exchanges Recent signals from on-chain metrics indicate that the Ethereum market environment is undergoing a quiet yet significant transformation. This unfolding trend is due to the sharp drop in the supply of ETH available on cryptocurrency exchanges. Related Reading: Ethereum Network Fatigue? Monthly On-Chain Transactions Drops As Activity Slows Down As reported by Coin Bureau on the social media platform X, ETH supply on centralized exchanges has hit levels not seen in years. With more holders choosing long-term storage, staking, and self-custody over keeping their assets available for trade, this significant supply drain indicates a change in i...
Post a Comment
Read more

Bitcoin Remains Range-Bound As Volatility Declines – Analyst Explains Price Action

Bitcoin has experienced frustrating price action in recent weeks, leaving investors impatient about its short-term direction. The price has been testing crucial supply levels between $98K and $100K, struggling to break out as uncertainty dominates the market. The lack of a clear move has led to speculation about whether BTC is preparing for a breakout or another correction. Adding to the uncertainty, the market was hit by negative news on Friday when crypto exchange Bybit was hacked, resulting in the theft of $1.4 billion in ETH. The incident caused fear and volatility, briefly dragging prices lower. However, Bybit responded quickly to reassure investors, easing some of the initial panic and stabilizing the market. Despite this, Bitcoin continues to consolidate in a tight range. Crypto expert Daan shared an analysis on X, noting that BTC is still ranging while volatility is steadily decreasing. As price compression increases, traders are on high alert for a potential explosive move....
Post a Comment
Read more

Past Performances Say Dogecoin Price Could Blast 200% To Clear $0.73 ATH Soon

The Dogecoin price could be getting ready for a fresh bullish wave as a crypto analyst projects a surge to new all-time highs . The analyst cites past performances as a reason for this bullish projection, highlighting the Dogecoin price action from previous bull cycles.  Dogecoin Price Past Performance To Push It Above $0.73 Crypto analyst Javon Marks took to X (formerly Twitter) on February 22 to share a bullish prediction of the Dogecoin price. The analyst highlighted past bull market performances to support his forecast, predicting that DOGE could soon rally above its current all-time high of $0.73905. In his chart, Marks revealed Dogecoin’s price action during the 2016/2017 bull run and the 2020/2021 bull market. In both cycles, DOGE seemingly experienced a rapid price crash, following a descending price channel . However, after a long period of consolidation, it recorded a massive price rally that triggered an ATH breakout to $0.00232 in 2018. During the 2021 bull marke...
Post a Comment
Read more