Shiba Inu faces security concerns and shifting market trends

The Shiba Inu project is facing scrutiny following suspected security issues with its official X account, @Shibtoken. Community members raised alarms after the account began following unrelated low-market-cap meme coin pages and interacting with their posts. Some community accounts, such as @shibarium_, have warned that the account may be compromised and advised users to treat any new links or token distribution announcements from the profile as high-risk. While theories range from cyberattacks and SIM swapping to social media management errors, official developers have not yet released a statement regarding the account's status.

Simultaneously, market data suggests a potential shift in Shiba Inu's trading momentum. According to CryptoQuant, there was a negative exchange netflow of approximately 44.1 billion SHIB as of August 13. This indicates that a significant amount of tokens moved out of exchanges, reducing the available supply for sale and potentially cooling sell pressure. Despite the recent downward price trajectory, analysts suggest this divergence between price and exchange activity could signal a possible recovery if demand remains resilient.