Shiba Inu Price Plunges Over 50% as Massive Token Transfers to Exchanges Signal Investor Exodus

Shiba Inu price has declined over 50% from its 2023 peak due to recent on-chain movements showing investors are transferring 1 trillion SHIB tokens into crypto exchanges.

The inflows have brought total SHIB exchange supply to a 50-day peak of 169 trillion, signaling holders are looking to exit positions.

Sell orders currently dominate SHIB spot markets, with 2.5 trillion SHIB sell orders exceeding 2.14 trillion SHIB buy orders within 10% of current prices.

SHIB will likely experience further price drops below $0.000005 in the coming weeks based on bearish signals.

The $0.000007 level is key support, but more exchange inflows could push price toward $0.000004. Reclaiming $0.00001 seems unlikely.