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Crypto

Shiba Inu Exchange Outflow Up 121% but Inflow Spike Keeps Sell Pressure High

Shiba Inu's exchange outflow rose 121% to 579M SHIB, but inflow spike and positive netflow keep sell pressure near $0.00000520.

TruthFoundry Desk
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As of 2026-09-05 08:26 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
Shiba Inu dropped nearly 4% on the daily candle and was trading near $0.00000520. [1] Shiba Inu is approaching a critical support cluster at $0.00000500, where major moving averages and the rising short-term trendline converge. [2] The article states that the 121% increase in Shiba Inu exchange outflow may ease short-term supply pressure but cannot save the token on its own, given the greater inflow spike and positive netflow, with $0.00000500 as the critical level for bulls. [3] An early SHIB holder who turned roughly $13,000 into a larger fortune moved about 600 billion SHIB (~$3.09 million) to BitGo custody in two transactions, after a month of inactivity. [4] As of 2026-09-05, SHIB (Shiba Inu) traded in the $0.0000052-$0.0000054 range, up about 1.1% on the day but down 57-58% year-over-year and about 94% below its all-time high. [5] Over the recent 30 days, approximately 417 million SHIB were burned, roughly 0.00007% of the 589+ trillion circulating supply, with the first 24 hours of September seeing only 3.59 million SHIB burned, a near-50% day-over-day drop. [6] September is statistically SHIB's worst month on record, with an average historical return of -2.72% and a median of -2.99%, closing green only twice since the token's inception. [7]
What this stands on
  1. Shiba Inu dropped nearly 4% on the daily candle and was trading near $0.00000520. · u.today
  2. Shiba Inu is approaching a critical support cluster at $0.00000500, where major moving averages and the rising short-term trendline converge. · u.today
  3. The article states that the 121% increase in Shiba Inu exchange outflow may ease short-term supply pressure but cannot save the token on its own, given the greater inflow spike and positive netflow, with $0.00000500 as the critical level for bulls. · u.today
  4. An early SHIB holder who turned roughly $13,000 into a larger fortune moved about 600 billion SHIB (~$3.09 million) to BitGo custody in two transactions, after a month of inactivity. · Blockchain.News
  5. As of 2026-09-05, SHIB (Shiba Inu) traded in the $0.0000052-$0.0000054 range, up about 1.1% on the day but down 57-58% year-over-year and about 94% below its all-time high. · Blockchain.News
  6. Over the recent 30 days, approximately 417 million SHIB were burned, roughly 0.00007% of the 589+ trillion circulating supply, with the first 24 hours of September seeing only 3.59 million SHIB burned, a near-50% day-over-day drop. · Blockchain.News
  7. September is statistically SHIB's worst month on record, with an average historical return of -2.72% and a median of -2.99%, closing green only twice since the token's inception. · Blockchain.News
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