Bullbit
Cryptocurrency
Shiba Inu Under Pressure As Nearly 40B Netflow Surge Hits Exchanges
- What: Shiba Inu's price has been under pressure due to a nearly **40B** netflow surge hitting exchanges.
- Why: The surge in netflow is attributed to increased selling pressure from investors.
- Signal: New wallet creation in the Shiba Inu ecosystem has held steady, indicating retail interest remains.
- Target: Total holders have surpassed **1.50 million**, a sign of resilience in the token's ecosystem.
- Risk: The token's price volatility poses a risk to investors, despite steady new wallet creation.