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Crypto

Shiba Inu's Price Rally Threatened by Massive Token Sell-Off

Guavy AI Editorial Team
Instruments
SHIB
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Shiba Inu's recent price rally has been threatened by a significant net inflow of 241.9 billion tokens to exchanges within 24 hours, indicating increased selling activity.

This large token movement suggests traders are offloading SHIB, which has led to a shift from bullish to bearish sentiment and a slight price decline of about 0.45%.

The selling pressure could hinder further price gains unless exchange outflows pick up again to support buying demand.

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