Shiba Inu recorded a netflow of 38 billion tokens, a sharp reversal from the accumulation trend that had been driving its recent rally. The shift signals that selling pressure is building as bullish momentum slows.
The 38 billion token reversal
For weeks, Shiba Inu had been seeing tokens pulled off exchanges — a sign holders were holding for the long term. That pattern has now flipped. Data shows a net inflow of 38 billion tokens to trading platforms, meaning holders are moving coins to sell. The move reverses what had been a key bullish indicator for the meme coin.
Such a large netflow often precedes price declines. When tokens pile onto exchanges, it increases the available supply and can overwhelm demand. The 38 billion figure is significant relative to Shiba Inu's circulating supply of roughly 589 trillion tokens, but it's enough to create noticeable selling pressure in the short term.
Why selling pressure is mounting
The broader crypto market has cooled in recent days, and Shiba Inu hasn't been immune. After a strong run that pushed the token to multi-month highs, momentum has faded. Traders are taking profits, and new buyers are stepping back. The netflow data confirms that the balance of power has shifted from accumulation to distribution.
Without a fresh catalyst, the selling pressure could continue. Shiba Inu's price has already pulled back from its recent peak, and the netflow suggests more downside may be ahead. Market participants are watching to see if the token can find support at lower levels or if the sell-off accelerates.
The 38 billion token netflow marks a clear change in sentiment. Whether it deepens depends on whether buyers step in to absorb the supply.
