After almost 500 billion SHIB tokens were quickly moved out of centralized exchanges, Shiba Inu is showing some surprising new activity on the blockchain.
Shiba Inu reserves thinning out
As a researcher, I’ve been tracking the flow of SHIB tokens, and recently I’ve observed a concerning trend. Netflows have become sharply negative, meaning more SHIB is being withdrawn from exchanges than deposited. Simultaneously, the total amount of SHIB held on exchanges has decreased, now hovering around 81.2 trillion tokens. This drop in exchange reserves is important because it suggests a decrease in the immediate availability of SHIB for sale, potentially impacting liquidity.
When a large number of SHIB tokens move from exchanges to personal wallets, secure storage, or staking platforms, it usually suggests a decrease in immediate selling pressure. This is because fewer coins being available on exchanges means there’s less supply for quick sales, whether from deliberate distribution or panicked reactions.
Peter Brandt Warns Solana Could Crash
Is Hyperliquid Worth All the Recent Hype?
Recent data confirms this trend. Although there was a large net outflow of SHIB – over 430 billion tokens – the amount of SHIB held on exchanges actually decreased slightly, by around 0.5%. More tokens are leaving exchanges than entering, suggesting that large SHIB holders are withdrawing their coins and likely aren’t planning to sell.
Shiba Inu’s status is improving
Even though the market has been feeling down, the number of active users on the network is still going up, meaning people aren’t leaving. This is especially interesting when you look at SHIB, where analysts recently warned about a large amount of the cryptocurrency being held on exchanges – almost 81 trillion units. They worried this could lead to another price drop. However, that trend appears to be reversing now, and things are becoming more stable.
The chart illustrates a recent shift in SHIB’s performance. For most of the past year, the token consistently decreased in value, staying below key trend lines. However, starting in March and April, it began to establish a pattern of higher lows, suggesting growing support. This led to the price fluctuating within a tightening range, forming an ascending triangle as it repeatedly approached resistance between $0.0000063 and $0.0000064.
Recent failure to break through a key resistance level has stalled SHIB’s upward movement, causing it to drop below its recent support level. The Relative Strength Index (RSI) also confirms this weakening trend, now showing bearish momentum, meaning the price is likely to continue falling.
From a technical perspective, SHIB is currently facing some challenges. However, the situation isn’t all bad. The amount of SHIB held on exchanges is decreasing, which suggests that long-term investors are either still buying or aren’t eager to sell at these prices.
SHIB could try to rise again later this quarter if it can hold its value above $0.0000057–$0.0000058 and climb back towards $0.0000063. Currently, SHIB is facing conflicting signals: positive changes in how much of the token is held versus a recent slowdown in its price gains. The next big price movement will likely depend on which of these trends wins out.
Read More
- Re:Zero Season 4, Episode 6 Release Date & Time
- NTE Drift Guide (& Best Car Mods for Drifting)
- How to Get the Wunderbarrage in Totenreich (BO7 Zombies)
- How to Beat Turbines in ARC Raiders
- All Aswang Evidence & Weaknesses in Phasmophobia
- Diablo 4 Best Loot Filter Codes
- How to Get Necrolei Cyst & Strong Acid in Subnautica 2
- Alan Wake Event in Phasmophobia, Explained
- Top 8 UFC 5 Perks Every Fighter Should Use
- How to Craft Repair Tools in Subnautica 2
2026-05-17 12:51