Shiba Inu (SHIB) Faces Fresh Selling Pressure After Hackers Offload Enormous Amount of Tokens

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

Shiba Inu (SHIB) could be facing fresh selling pressure after hackers exchanged 150 billion SHIB and 756 million Holochain (HOT) tokens for 1,500 Ethereum (ETH), according to blockchain security firm PeckShield.

The Bitrue Exploiter, infamous for the 2023 Bitrue breach, used TornadoCash to launder 1,050 ETH, leaving 5,111 ETH and 16 million DAI in the hackers’ wallets.

The combined value of the remaining assets totals nearly $25.5 million. Given the massive amount of SHIB involved, investors are bracing for potential heavy selling pressure that could push SHIB into more volatile and bearish territory.

Bitrue Breach Exploiter Swapped 150B SHIB & 756M HOT for ~1,500 ETH & Transferred 1,050 ETH to #Tornadocash. The Exploiter Still Holds 5,111 ETH & 16M DAI (Value: ~ $25,502,833).In 2023, crypto platform Bitrue suffered a cyberattack resulting in the theft of funds. Recently, blockchain…

Earlier this year, Bitrue suffered a significant setback when hackers infiltrated the exchange’s systems, draining nearly $23 million in cryptocurrency.

The stolen funds included 150 billion SHIB, 756 million HOT tokens, and 1,500 ETH, which were later exchanged for 1,050 ETH and laundered using TornadoCash.

The Bitrue Exploiter's remaining assets are 5,111 ETH and 16 million DAI, currently valued at around $25.5 million.

This event could have far-reaching implications for SHIB's market stability, especially with the hackers still holding such a large sum in SHIB.

Shiba Inu: A Critical Pivot Point and Key Resistance Zone

Shiba Inu's price action is pivoting on critical support, presenting a potential opportunity for recovery.

However, the threat of mass liquidation from the Bitrue Exploiter could easily derail current investor sentiment.

Shiba Inu is battling a key resistance level, posing a challenge for bulls to overcome.

Shiba Inu's MACD indicator shows a bullish crossover, while the RSI stands at 62.04, indicating bullish strength.

However, the possibility of massive sell-offs from the hackers could tilt the balance quickly.

It will be critical for SHIB to sustain above current resistance to confirm a breakout towards the $0.0000145 target range.

Shiba Inu Price Prediction: Can SHIB Double By December 2025?

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.