178 Billion Shiba Inu Returned to Exchanges on Monday: Hope for Bullish Reversal Is Broken

With about 178 billion SHIB flowing back onto exchanges, Shiba Inu's most recent attempt at recovery has suffered a major setback, raising concerns that selling pressure may continue to build throughout the market. On-chain data indicates that exchange reserves increased back above 80 trillion SHIB on Monday while exchange inflows surged.