Shiba Inu Sees Broad Exchange Outflows Across Markets

SHIB Holdings Slide on Binance as BTC and ETH Climb

Binance's 43rd Proof of Reserves report, published in June 2026, has revealed a significant reshuffling of user portfolios over a one-month window. The headline finding is a steep decline in $SHIB balances held on the exchange, even as positions in the two largest cryptocurrencies moved sharply higher.

According to the report, user SHIB balances fell by 1.101 trillion tokens in a single month, dropping from 53.547 trillion in May to 52.445 trillion in June. The contrast with $BTC and $ETH was stark. Customer Bitcoin holdings climbed to roughly 630,000 BTC as of June 1, an increase of 25,838 BTC from the prior report and a monthly gain of 4.26%. Ethereum holdings rose to about 4.14 million ETH, up 382,619 ETH from a month earlier, a gain of 10.17%.

The rotation did not flow into stablecoins either. USDC stablecoin reserves on Binance collapsed by $1.526 billion, while USDT reserves fell by 1.33%. The figures indicate that free dollar liquidity and funds from stablecoins were redirected straight into the major cryptocurrencies.

Global SHIB Reserves Break Below Key 80 Trillion Level

The outflow on Binance is part of a wider market-level trend. The move was not a local event on one exchange. CryptoQuant data confirms that total SHIB reserves across all trading platforms worldwide have fallen below the key 81 trillion mark and now stand at 79.99 trillion tokens.

The 80 trillion threshold has long carried weight in SHIB analysis. A decrease in exchange reserves typically means investors are moving assets off exchanges into private wallets rather than preparing to sell immediately, which lowers the liquid supply and can create favorable conditions for price appreciation if demand holds steady or rises.

The shift points to either accumulation of $SHIB off-exchange by large holders or a broader market rotation favoring major cryptocurrencies over altcoins. On-chain data in the coming weeks will clarify whether the trillions of tokens that left Binance settled in long-term holders' wallets or whether this was simply a reduction of Shiba Inu positions.

Sources:
U.Today: 1.1 Trillion Shiba Inu Leaves Binance by June
The Coin Republic: Binance Proof of Reserves Shows Bitcoin and Ethereum Holdings Rise
Crypto Economy: 1.1 Trillion SHIB Leaves Binance as Investors Double Down on Bitcoin and Ethereum