324 Billion SHIB Moved in the Past 24 Hours: Selling Pressure Intensifies

Shiba Inu (SHIB) is once again under mounting downward pressure after fresh on-chain data revealed a massive surge in tokens flowing onto exchanges. Over the past 24 hours, approximately 324 billion SHIB were deposited on centralized trading platforms, reinforcing fears that sellers are tightening their grip on the short-term market structure.

SHIB flows to exchanges accelerate as bulls lose momentum Even though SHIB attempted a brief price recovery, token flows tell a very different story. The most notable indicator is the rise in exchange reserves, a classic sign that holders are positioning tokens for sale rather than long-term storage. Current data also confirms a positive net exchange flow, meaning more SHIB is entering exchanges than leaving. Historically, this pattern aligns with increased selling pressure and the potential for a downward move.

More transactions don’t mean more buyers While both transaction counts and active addresses have increased, this isn’t necessarily bullish. In situations like this, activity often rises because traders are closing positions, not opening fresh long positions. The sharp increase in exchange flows typically indicates position rotation and risk reduction. Many traders appear to be using short-term price strength to take profits, rather than to accumulate new holdings.

Technical structure remains weak despite attempts to rebound SHIB recently attempted to bounce from key moving averages but was unable to hold above them. Every upward move has quickly been met with heavy sell-side pressure. This shows buyers currently lack the strength to absorb the incoming supply. Another red flag is velocity — the speed at which tokens move across the network. Elevated velocity, when combined with strong exchange inflows, usually signals speculative activity, not steady demand.

What needs to happen for SHIB to recover? If exchange inflows continue to rise, the market remains vulnerable to further declines. For sentiment to improve, SHIB would need to see: a sharp slowdown in exchange deposits,a consistent increase in withdrawals,clear signs that holders are moving SHIB into storage, reducing immediate sell pressure. But as long as distribution dominates, the risk of continued downside remains high — simply because supply is growing faster than demand.

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