SHIB selling pressure continues, on-chain data reveals distribution intentions

SerumDegen · 2026-01-06T14:20:09+00:00

SHIB has recently faced pressure, with on-chain data warning of an inflow of 324 billion tokens into exchanges, indicating the coins are moving from wallets to trading platforms, mainly for speculative trading. Although trading activity and active addresses have slightly increased, it is not favorable for the price. Technical resistance levels are significant, and distribution pressure has increased.

SerumDegen

2026-01-06 14:20:09

Abstract generation in progress

【Crypto World】SHIB has been having a tough time lately. On-chain data is issuing a warning — in the past 24 hours, approximately 324 billion SHIB tokens have flowed into exchanges, a significant volume. Exchange reserves continue to increase, with net inflow being positive, indicating what? It simply means tokens are moving from wallets to trading platforms, mostly aimed at selling.

Interestingly, while trading activity and the number of active on-chain addresses have slightly increased, this is not a good sign. High circulation speed combined with inflows to exchanges paints a clear picture — speculators are flipping, not holders accumulating. The chart also shows that technical resistance levels are tightly held, and the price simply cannot go up.

Distribution pressure is gradually increasing, and this is the current situation.

SHIB-2,1%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
7
Repost
Share

Comment

0/400

MetaMasked

· 01-06 18:51

Shib, this wave is probably going to fail. Who can withstand a dump of 324 billion tokens?

View OriginalReply0

NestedFox

· 01-06 14:43

It's the same trick again, exchanges depositing coins just to dump the market.

View OriginalReply0

StakeOrRegret

· 01-06 14:43

They're dumping again, these people are really idle.

View OriginalReply0

SchrödingersNode

· 01-06 14:34

Oh my god, SHIB is again cutting leeks. Looking at the inflow data, I know it's about to run away. Retail investors are still holding the bag, unaware that the big players have already been ready to strike. This technical resistance level is really tightly held, there's no hope.

View OriginalReply0

LoneValidator

· 01-06 14:34

324 billion tokens are pouring in, how can we bottom fish like this? Retail investors are still sleepwalking.

View OriginalReply0

PseudoIntellectual

· 01-06 14:29

324 billion tokens have been sent to exchanges, this pace... are we about to start dumping again? Everyone has already started selling, so what's the point of holding? This SHIB move is a bit risky; the resistance level is holding strong, how to handle it? That's why I cleared my positions early. Just watch. When the distribution pressure is high, it's time to run, don't wait.

View OriginalReply0

SmartContractRebel

· 01-06 14:25

324 billion SHIB flooding into exchanges, it's going to bleed now It's the same story, as soon as the data comes out, you know there's going to be a dump Holders have already run away, now only speculators are cutting each other Resistance levels are tightly pressing down, even rebounds are difficult Distribution pressure is so strong, no wonder the price can't go up With this momentum, it feels like a break is imminent SHIB is once again testing human nature

View OriginalReply0