- Hackers exchanged 150B SHIB for ETH, with $25.5M in assets still unsold.
- A large portion of ETH was laundered via TornadoCash, complicating traceability.
- SHIB recovery faces pressure at $0.0000145 resistance amid possible future selloffs.
Shiba Inu (SHIB) is experiencing renewed selling pressure following a large-scale token liquidation tied to the 2023 Bitrue exchange breach. Blockchain security firm PeckShield confirmed that the attackers offloaded around 150 billion SHIB tokens and 756 million Holochain (HOT), exchanging them for approximately 1,500 Ethereum (ETH).
A significant portion of the acquired funds, about 1,050 ETH, has already been funneled through TornadoCash. This transaction path has made the funds more difficult to trace. As a result, concerns have grown about further selloffs that could impact market dynamics.
Remaining Assets Still Pose a Threat to Stability
The hackers still retain nearly 5,111 ETH and 16 million DAI, valued collectively at about $25.5 million. The large holding has sparked fears of further market instability, especially with the sheer volume of SHIB tokens previously dumped.
Shiba Inu recently showed signs of recovery after rebounding from critical support between $0.0000126 and $0.0000128. A surge in daily trading volume by 12.34% helped the token reclaim some of its earlier losses. However, the renewed threat from the Bitrue exploiters now threatens that progress.
SHIB Struggles at Key Resistance Levels
Currently, SHIB is testing key resistance between $0.0000142 and $0.0000145. This is a price zone where sellers previously regained control. Sustained price movement above this range is essential for any bullish breakout to hold.
An optimistic trend appears in the daily SHIB/USD price movement. The MACD crossover indicates buying activity, and RSI currently sits at 62.04. The market remains in a delicate state because more substantial mass liquidations could occur.
The upcoming years show promise for SHIB despite its current market difficulties. According to Coincodex analysis, the token is anticipated to trade within the range of $0.00002837 to $0.00002980 by December 2025. The predicted market wellness recovery would lead to SHIB prices rising above 106% from their current position.
