SHIB Price Stability Under Scrutiny: Whale Outflow vs. Exchange Inflows

Shiba Inu (SHIB) price witnessed a surge in exchange inflows, rising from 34 billion to over 51 billion tokens in a single day. However, a significant whale withdrew 204.3 billion SHIB from Coinbase over three days, potentially adding pressure on the token’s stability. This dynamic is creating a tense market situation as SHIB currently trades near $0.0000126, nestled within a tight symmetrical triangle. Analysis suggests possible selling pressure due to exchange inflows, while a contrasting signal of whale accumulation offers hope for price resilience.