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Crypto

Shiba Inu Price Slumps Amid Fresh Selling Pressure

Guavy AI Editorial Team
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SHIB
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Shiba Inu's price momentum is slowing down after a recent surge, with traders moving over 145 billion SHIB tokens to exchanges.

This significant sell-off has led to a 4% drop in price and put the token at risk of falling below the crucial $0.000005 level.

Netflow data from CryptoQuant reveals that more tokens are being sold than bought, indicating traders are hedging against potential losses amid expectations of a bearish market trend ahead.

This shift in sentiment suggests fading momentum and a cautious outlook for SHIB in the near term.

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