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Crypto

SHIB Slumps as Japan Catalyst Fades and Exchange Inflows Soar

Guavy AI Editorial Team
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BTC SHIB
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SHIB has been clinging to the $0.000005 handle as the Japan-listing euphoria fades and over 260 billion tokens flood back onto exchanges.

The August 2026 listing of SHIB on Laser Digital Japan, a Nomura-backed institutional platform, was a significant catalyst for its price surge.

SHIB's momentum picture is flashing yellow, not green, with the RSI sitting at 51.14 and MACD histogram gone completely flat.

The analyst community that was bullish through August is notably quiet right now, as exchange inflows remain elevated and Bitcoin drifts toward the $76,700 Fibonacci support under continued ETF outflow pressure.

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