With exchange inflows increasing significantly, and approximately 549 billion SHIB heading toward exchanges, Shiba Inu is once again confronted with a challenging technical and on-chain environment. This development, when coupled with the existing market structure, raises significant concerns about the asset's ability to sustain stability in the near future, and whether further downside pressure is imminent.
549 Billion Shiba Inu (SHIB) Injected: Exchange Inflows Reach Uncomfortable Levels
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