Shiba Inu Sees 75 Billion Token Surge as Selling Pressure Escalates
Shiba Inu's market has seen a surge in selling pressure over the past 24 hours, according to chain-agnostic data. This trend indicates that investors are moving more SHIB tokens onto exchanges, which could signal a weakening of demand for the cryptocurrency in the short term.
The influx of 75 billion SHIB onto exchange platforms has put additional downward pressure on the market.