Shiba Inu’s widespread dumping from 2 key groups – Sell pressure rising?

By: bitcoin ethereum news|2025/05/04 12:30:01
0
Share
copy
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 and have turned to selling to avoid further losses. According to IntoTheBlock, whales are aggressively selling Shiba Inu. These whale outflows surged by 229% in a single day, from 109 billion to 359 billion SHIB. Large Holders’ Netflow 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. Usually, when whales turn to extreme offloading, it indicates a lack of confidence in the market as they expect prices to decline. However, these selling activities are not isolated to whales only. Sell-side pressure spreads across all cohorts On the contrary, it seems all market participants are following suit and are also selling. Source: Coinalyze For instance, looking at Shiba Inu’s Buy/Sell Volume, SHIB recorded a negative order imbalance of 134.15 billion. Overall, there are 1.2 trillion tokens sold. A negative imbalance here suggests that sellers are dominating the market, with more sell orders being executed. Source: Santiment On top of that, Shiba Inu’s Exchange Flow balance turned positive, now holding at 5.3 million SHIB. A positive flow balance means there are more deposits into exchanges than withdrawals. Usually, flow into exchanges means selling, as holders are sending these tokens to sell. Source: CryptoQuant Netflows confirm sustained bearish pressure This trend is further confirmed by a positive Exchange Netflow that has remained so over the past two days. On the 2nd of May, Shiba Inu (SHIB) recorded a positive Netflow of 231 billion; it has since settled at 21 billion SHIB tokens. This implies that over the past two days, there has been a netflow of 252 billion tokens, reflecting a massive exchange inflow. Historically, such trends—rising exchange inflow and outsized sell pressure—have preceded sharp price declines. Simply put, the token supply is outweighing demand, setting the stage for inflationary effects on price. If this continues, SHIB may witness deeper corrections in the near term. Any impact on Shiba Inu? As expected, a higher selling activity has negatively impacted Shiba Inu’s price action. Inasmuch, the memecoin has experienced a sharp decline on its price charts. In fact, at press time, SHIB traded at $0.00001324, down 8.4% on the weekly chart and 1.84% over the last 24 hours. The continued decline reflects strong bearish sentiment in the market that positions the memecoin at a risky point. If sellers continue to dominate, SHIB could drop to $0.00001274. However, if buyers reenter the market and challenge the bears, the memecoin can reclaim $0.00001397. For this bullish outlook to hold, the memecoin needs a daily close above $0.00001376. Source: https://ambcrypto.com/shiba-inus-widespread-dumping-from-2-key-groups-sell-pressure-rising/

You may also like

Futures Trading Hours: Trade Cryptocurrency 24/7 and Earn Back Up to 45% in Trading Fees

Learn futures trading hours and the best time to trade crypto futures. Discover 24/7 market insights, peak trading sessions, and how to earn back up to 45% in fees.

Why is a16z Crypto raising another $2.2 billion to heavily invest in Web3?

This round of funding bets on the transition of cryptocurrency from the infrastructure development phase to the phase of real user adoption. Whether focusing on cryptocurrency or crossing over to AI, this real money will only flow to those places that can turn technology into products.

Polymarket Underlying Algorithm Explained

It may be the only article on Twitter that clearly explains all the underlying design of Polymarket in plain language.

What do projects born in the crypto bear market do?

From January to April, RootData has recorded over 1,070 new projects, a decrease of about 32% compared to the same period last year.

a16z founder's Stanford lecture: Whenever Wall Street and Silicon Valley have different ideas, it's Wall Street that ends up being wrong

Ben Horowitz, co-founder of a16z, delivered a powerful talk: The two traditional moats of software in the AI era have been erased, and entrepreneurs must seek "new barriers" beyond code and UI.

Michael Saylor: After three consecutive quarters of losses, Strategy will sell Bitcoin to pay dividends

After MSTR's financial report showed continued net losses, Saylor changed his stance: Bitcoin is no longer "never to be sold" and can be used as a payment tool.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com