Defi
Shiba Inu holds above key support as whale selling raises downside risk
CoinJournal·September 2, 2026·1 min read
Shiba Inu trades near $0.00000516 after rebounding 4% this week. Whale wallets holding 1M-100M SHIB sold 40 billion tokens since August 22, while smaller whales accumulated 990 million SHIB. The long-to-short ratio of 0.93 signals bearish derivatives positioning, raising downside risk despite key support.
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