- Shiba Inu exchange inflows surge as volatility triggers renewed sell pressure
- SHIB struggles despite golden cross as traders move tokens to exchanges
- Rising netflows signal potential downside as Shiba Inu market sentiment weakens
Shiba Inu is facing renewed pressure after a sharp increase in exchange activity coincided with unstable price movement. Recent data shows that traders are moving large amounts of SHIB onto exchanges, a pattern often linked to potential selling behavior. This shift comes at a time when the meme coin continues to struggle with maintaining upward momentum despite short-term gains.
According to CoinGlass data, Shiba Inu’s exchange netflow surged by 208% within the last 24 hours. Such a sharp increase suggests that more tokens are entering exchanges than leaving, which typically reflects rising intent to sell. Consequently, this trend introduces additional downside risk as available supply on trading platforms increases.
Besides the surge in deposits, Shiba Inu’s broader performance has remained weak over time. Year-to-date data shows that SHIB has declined by more than 53%, highlighting sustained pressure across multiple market phases. Additionally, the asset remains down by 10.7% over the past 30 days, reinforcing a longer-term bearish structure despite brief recoveries.
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Rising Exchange Activity Counters Short-Term Bullish Signals
Interestingly, this wave of exchange inflows follows a short-lived bullish signal observed earlier in the week. Shiba Inu recently formed a golden cross on the hourly chart, which coincided with an 8% price increase and contributed to a 17% weekly gain. This development initially supported expectations of continued upside movement among traders.
However, the increase in exchange deposits now suggests that some holders may be taking profits or exiting positions. As a result, selling pressure could offset the impact of the earlier bullish pattern. Moreover, traders who entered during the recent rally may choose to lock in gains, further adding to supply on exchanges. At the same time, market sentiment around meme coins remains mixed. While some assets in the sector continue to show resilience, Shiba Inu has struggled to maintain consistent demand. This divergence places additional pressure on SHIB as capital rotates toward stronger-performing alternatives.
Source: Tradingview
Furthermore, recent burn activity has done little to change the current trajectory. Over four million SHIB tokens were removed from circulation, while the burn rate increased by 63% over the weekend. Although such actions aim to reduce supply and support price stability, their impact appears limited under current market conditions. Shiba Inu is currently trading at $0.000006046, reflecting a 1.48% decline within the last 24 hours. Meanwhile, trading volume has dropped by 6.73% to approximately $149.91 million, indicating reduced market participation alongside rising sell-side risk.
Conclusion
Overall, the sharp rise in exchange inflows signals growing caution among Shiba Inu holders as volatility returns. While short-term technical signals offered temporary optimism, increasing sell pressure and declining volume continue to shape a fragile outlook for the asset.
