Shiba Inu (SHIB) is experiencing significant selling pressure, with exchange netflows turning positive by approximately 39 billion SHIB, indicating more holders are moving their coins to exchanges to sell. This trend is fueled by bearish sentiment in the broader crypto market, partly due to the U.S.-Iran conflict. Data from CryptoQuant and Santiment confirms a large gap between exchange inflows and outflows, with whales remaining inactive and not accumulating. Although the supply held by whales remains steady, avoiding a massive sell-off, daily transactions on Shibarium have become highly volatile and recently dropped sharply. Many of these transactions are zero-value, indicating low network utility. Consequently, SHIB burns plummeted by 66% in 24 hours. SHIB's price is down over 3%, trading around $0.000005737.
bitcoinist2026.03.28




