Shiba Inu Price in Focus After Whales Sell-Off 801 Billion Tokens in a Day

Over the past few days, the crypto industry has been drowned in red numbers, creating a panic wave among investors. In the middle of the volatility, Shiba Inu (SHIB) became a hot topic thanks to a massive sell-off. Many crypto enthusiasts are now focused on analysing the reasons behind the Shiba Inu price downturn and market fall. 

Whales Go Heavy on the Sell Button

When the market crashes, large investors often make big moves, and that’s exactly what happened here. According to data from IntoTheBlock, Shiba Inu whales sold a whopping 801.04 billion SHIB tokens, compared to 180.76 billion just the day before.

That’s a 343.18% increase in outflows from large holders in just 24 hours. In simple terms, whales are selling much more than they’re buying right now. The trend is growing fear and a lack of confidence in the market’s short-term direction.

Negative Netflow Raises Concerns

Another worrying signal is the net flow of large holders. At press time, the netflow for SHIB stood at -256.9 billion, meaning more tokens are being moved out of whale wallets than into them.

While some whales did buy around 544 billion tokens, the higher outflow suggests that big players are looking to cut their losses. A negative netflow is never a good sign when hoping for price stability or growth.

Shiba Inu Price Feels the Pressure

Naturally, all this selling has weighed heavily on the Shiba Inu price. After showing some recovery with an 8.45% uptick recently, SHIB slipped again, moving from a high of $0.00001173 down to $0.00001125 over the last day and currently trading at $0.00001068. 

At the time of writing, the token was trading at $0.00001131, which reflects the impact of the sudden whale exit. The volatility has left the community wondering whether this is just a temporary dip or a sign of something more serious.

Indicators Show Strong Bearish Momentum

If you’re looking at technical indicators, things don’t look very hopeful right now. The Stoch RSI — a tool used to measure momentum — dropped from 11 to 3.23 within 24 hours. That sharp decline signals that downward momentum is building up fast.

The MACD line also fell into negative territory, adding more evidence that bearish momentum is likely to continue. Together, these indicators suggest that SHIB could be on track to dip even further unless sentiment changes quickly.

What’s Next for SHIB?

If the selling continues and momentum stays bearish, Shiba Inu could slide to $0.000010. That’s the potential downside investors are now watching closely. For a bullish reversal, SHIB must close above $0.00001142 on the daily chart.

At this point, key players seem indecisive, and their behavior is pushing the price of Shiba Inu lower. Whether you are a casual investor or an individual, to gain more insights on SHIB, observe the market daily in the next few days.