Nearly 40 billion SHIB tokens flowed into cryptocurrency exchanges in a 24-hour window ending March 26, according to on-chain data. Exchange reserves rose from 81.20 trillion to 81.29 trillion SHIB, signaling increased selling pressure.
The influx coincided with a 4% price drop for Shiba Inu, as the token failed to break through the upper boundary of a descending triangle-a typically bearish chart pattern. The rejection reinforced downward momentum.
Despite near-term headwinds, ecosystem metrics show resilience. Monthly wallet creation on Shibarium remains steady between 5,000 and 12,000, pushing total holders above 1.5 million-a sign of sustained retail interest.