I just saw data from the chain earlier — turns out there is a massive inflow of $SHIB to the exchange, about 40 billion tokens within 24 hours. So the reserves on the exchange have increased significantly, which usually means selling pressure could come soon.

However, what's interesting is that the Shiba Inu ecosystem continues to attract new users. Every month, 5-12 thousand new wallets are created, and the total holders have already surpassed 1.5 million. So there are two forces pulling in opposite directions — on one side, selling pressure from inflow to the exchange, on the other side, ongoing adoption.

From a technical perspective, $SHIB dropped 4% yesterday and failed to break through the resistance at the formed triangle pattern. Rejection at that level typically strengthens bearish momentum, especially with the token inflow into the exchange. So, in the short term, the outlook remains challenging.

But looking further, the growth of wallets in the $SHIB ecosystem indicates retail interest is still present. The question now is: can this long-term adoption absorb the current selling pressure? The market will answer itself, but for now, both signals are still competing.