Shiba Inu Sees $145 Billion Selling Wave as Price Pulls Back

Shiba Inu (SHIB) has seen significant selling pressure following a strong price rebound earlier in August. According to data, approximately 145.9 billion SHIB tokens flowed into exchanges on August 29, increasing available supply and potential selling activity.

This comes after the token's recent peak, where it pulled back about 12% from its recent high. The key level to watch is $0.000005; a sustained drop below this could deepen the correction.

However, inflows don't guarantee immediate sales, and SHIB's ongoing token burns provide some supply reduction, suggesting caution but not a collapse in the near term.