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Shiba Inu records 145.9 billion SHIB inflows as price retreats to $0.000005

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On August 29, 2026, Shiba Inu (SHIB) experienced a net inflow of approximately 145.9 billion tokens into exchanges, indicating increased selling pressure. This movement coincided with a price decline, with SHIB retreating to the $0.000005 level. The earlier August rally, which saw SHIB rise from $0.0000044 on August 18 to $0.00000590 on August 21, was largely driven by a broader cryptocurrency market recovery rather than specific Shiba Inu catalysts.

Punti chiave

  • A net inflow of 145.9 billion SHIB tokens into exchanges on August 29 suggests heightened selling pressure.
  • Following the inflows, SHIB's price retreated to the $0.000005 level, erasing recent gains.
  • The August price increase was primarily due to a general cryptocurrency market rebound, not specific Shiba Inu developments.

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