The post Shiba Inu Faces Significant Selling Pressure as Whales Offload 359 Billion Tokens Amid Market Uncertainty appeared on BitcoinEthereumNews.com.

Shiba Inu’s market activity has intensified, as significant selling pressure emerges from both whales and retail investors amid rising bearish sentiment. In a startling move, Shiba Inu faced heavy sell pressure as whales offloaded 359 billion tokens in a single day. SHIB saw broad-based selling as all market cohorts rushed to exit positions. As Shiba Inu [SHIB] struggles, the memecoin is facing strong selling pressure. Amidst this, it seems large holders and retailers have become impatient, leading to further sell-off to mitigate losses. According to IntoTheBlock, whales are aggressively selling Shiba Inu, with whale outflows surging by 229% in a single day, increasing from 109 billion to 359 billion SHIB. A significant indicator of this trend is the decrease in Large Holders’ Netflow, which dropped to a monthly low of 4 billion SHIB, indicating aggressive distribution. Source: IntoTheBlock Such a massive outflow from large holders indicates increased selling activity from the cohort, reflecting strong bearish sentiments. Typically, when whales engage in extreme offloading, it signals a lack of confidence in the market, suggesting an expectation of declining prices. Notably, these selling actions are not limited to whales; retail investors are also participating in the sell-off. Sell-side pressure spreads across all cohorts Conversely, it appears that all market participants are following suit and also engaging in sales. For example, Shiba Inu’s Buy/Sell Volume indicates a negative order imbalance of 134.15 billion tokens overall, with a staggering total of 1.2 trillion tokens sold. This negative imbalance suggests a dominant presence of sellers in the market, with a higher volume of sell orders executed. Source: Coinalyze Additionally, Shiba Inu’s Exchange Flow balance has turned positive, currently holding at 5.3 million SHIB. A positive flow balance indicates more tokens are being deposited into exchanges than withdrawn, which typically reflects selling, as holders are transferring…

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Filed under: News - @ May 4, 2025 4:14 am