Shiba Inu (SHIB) is facing fresh selling pressure after hackers offloaded an enormous amount of tokens. Blockchain security firm PeckShield reported that the Bitrue Exploiters, linked to a 2023 breach, exchanged 150 billion SHIB and 756 million Holochain (HOT) tokens.
In return, they acquired approximately 1,500 Ethereum (ETH). A major portion of these funds, particularly 1,050 ETH, has already been laundered through TornadoCash, significantly complicating the transaction trail.
Consequently, fears are rising that SHIB’s market stability could suffer further as the hackers still hold around 5,111 ETH and 16 million DAI, with a combined value nearing $25.5 million. Given the vast number of SHIB tokens involved, investors are bracing for potential heavy selling pressure that could push SHIB into a more volatile and bearish territory.
#PeckShieldAlert #Bitrue Exploiter-labeled addresses have swapped 150B $SHIB & 756M $HOT for ~1,500 $ETH & transferred 1,050 $ETH to #Tornadocash.
The exploiter still holds 5,111 $ETH & 16M $DAI (worth ~$25.5M).
In 2023, crypto platform #Bitrue suffered a cyberattack resulting… pic.twitter.com/lR87clBJCs— PeckShieldAlert (@PeckShieldAlert) April 28, 2025
Besides the immediate concerns over token dumping, the incident highlights the lingering risks from previous cyberattacks on exchanges. Bitrue, the platform targeted in 2023, lost nearly $23 million during the breach, and the ripple effects are resurfacing today.
Significantly, this event casts doubt on the sustainability of SHIB’s recent bullish momentum. Although Shiba Inu recently displayed recovery by rebounding from critical support levels, the threat of mass liquidation could easily undermine current investor sentiment.
Bitrue Breach Fallout Threatens SHIB’s Recovery Momentum
The exploit’s lingering effects add to concerns about SHIB’s recent recovery run. After bouncing strongly from support between $0.0000126 and $0.0000128, SHIB managed to regain lost ground, buoyed by a 12.34% spike in daily trading volume.
Source: CoinMarketCap
Currently, SHIB is battling key resistance between $0.0000142 and $0.0000145 — a zone where sellers previously took control.
Technical Indicators: Strength but Fragility Remains
SHIB/USD daily price chart, Source: TradingView
Chart readings paint a mixed but cautiously optimistic picture. The MACD indicator shows a bullish crossover, and the RSI stands at 62.04, hinting at bullish strength.
Still, the possibility of massive sell-offs from the hackers could tilt the balance quickly. Hence, it is critical for SHIB to sustain above current resistance to confirm a breakout towards the $0.0000145 target range.
Longer-Term Outlook: Can SHIB Double by December 2025?
Looking further out, Shiba Inu’s Coincodex price prediction for December 2025 appears promising if the market stabilizes. Analysts forecast SHIB trading between $0.00002837 and $0.00002980 by year-end 2025. Consequently, this suggests a potential gain of over 106% from current levels, offering investors a chance to double returns.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Leave a Reply