$SHIB ✴️ Shiba Inu Coin (SHIB) sees billions of tokens injected into exchanges: Crypto market liquidation crackdown hits meme coins

As on-chain data reveals a sharp rise in exchange inflows, Shiba Inu Coin (SHIB) is facing fresh bearish pressure, while the broader meme coin market is still grappling with large-scale liquidations and weakening momentum.
🔸 Billionaire selling
According to the latest indicators, over 303 billion SHIB entered exchanges in the past day, with exchange inflows (Top10) exceeding 6.1 billion tokens. However, overall exchange outflows have not kept up, suggesting that more holders are preparing to sell rather than transferring tokens to self-custody.
The continued decline in exchange reserves is one of the most straightforward warning signals. The Exchange Reserve USD metric has fallen by more than 3%, showing that even though reserves dropped by 0.34% from the day before, the USD value of SHIB on exchanges continues to slide as prices stay weak.
Active addresses have increased slightly, but this appears to be driven by transfer activity rather than actual accumulation.
In addition, TradingView charts show a weakening structure. After multiple failed attempts to reclaim key moving averages, SHIB recently broke out from an ascending wedge. The price remains below the 50-day, 100-day, and 200-day moving averages, indicating that sellers still control the overall trend.
After failing to hold above the neutral 50 level, the RSI has also fallen noticeably, pushing toward the oversold region. When combined with rising exchange inflows, this usually signals stronger selling pressure rather than accumulation.
Since this may point to planned distribution, the behavior of whales/large holders moving billions of SHIB into exchanges often triggers panic among retail traders.
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