Bearish
Shiba Inu (SHIB) drops 16% amid intense selling pressure
Over the past 24 hours, Shiba Inu (SHIB) experienced a significant decline of approximately 16%, falling to around $0.0000052. This sharp downturn is attributed to intensified selling pressure across the cryptocurrency market, with SHIB's trading volume dropping 63% to $140 million. The broader market pullback, coupled with increased exchange inflows, has contributed to the downward trend.
Key points
- Intense Selling Pressure: SHIB's price plummeted 16% to $0.0000052 amid heightened selling activity.
- Market-Wide Downturn: The broader cryptocurrency market experienced a pullback, with total market capitalization decreasing by approximately 2.7% over the past 24 hours.
- Exchange Inflows: Increased SHIB exchange inflows and reserves have been observed, indicating potential selling pressure from holders.
- Technical Retest: SHIB is testing a key breakout level, which may influence its price movement in the short term.
Sources
- Shiba Inu Drops 16% Amid Intense Selling PressureKuCoin · August 23, 2026
- Shiba Inu (SHIB) Drops 4.7% Amid Market Pullback, Exchange InflowsCoinMarketCap · April 19, 2026
- Shiba Inu (SHIB) Drops 4.7% Amid Market Pullback, Exchange InflowsCoinMarketCap · April 19, 2026
- Shiba Inu (SHIB) Drops 4.7% Amid Market Pullback, Exchange InflowsCoinMarketCap · April 19, 2026
AI-generated from public news sources. Not financial advice.
