Shiba Inu (SHIB) recently faced an unprecedented massive token sell-off, with as many as 800 billion SHIB tokens being dumped into the market. But what caused this massive sell-off? What does this mean for the future of the Shiba Inu?

This major token offloading fest happened only on Binance, with traders abandoning SHIB in favor of USDT. The Buy Sell View indicator shows that this frenzy occurred between 8:00 AM and 12:00 PM UTC.

Large-scale unloading events tend to put downward pressure on a token’s price. Increased supply flooding into the market can cause prices to depreciate, which could prevent short-term traders from entering or maintaining positions. This, in turn, can affect overall trading sentiment and make it more difficult for traders to achieve favorable gains. #达摩社区 #合约锦标赛 #SHIB