SHIB has been showing an interesting dynamic lately. On one hand, the number of wallets continues to grow, reaching 1.5 million, while on the other hand, we have seen 40 billion SHIB tokens transferred to exchanges. The net flow is positive, meaning exchange reserves have increased. This generally indicates that selling pressure could rise.

From a technical perspective, shiba inu is experiencing some difficulty in the crypto market. It tried to break above the upper boundary of the falling triangle pattern but was pushed back. Such rejections strengthen sellers. Over the 24-hour period, we saw approximately a 2% decline. In other words, short-term momentum appears weak.

But there is another side to the story. In the Shiba Inu ecosystem, between 5,000 and 12,000 new wallets are created each month. This is a consistent participation rate. More wallets mean more users, and demand could be supported in the long term. Currently, selling pressure is visible, but there is also a quiet buildup underneath. Which will prevail will be determined by the market.