Shiba Inu Whales Flood Exchanges With 1.04T SHIB

Whale Deposits Surge Nearly 6.5x in a Single Day

Large Shiba Inu ($SHIB) holders have sharply reversed course, moving a significant volume of tokens back onto centralised exchanges in a single session. In just 24 hours, investors transferred around 1.04 trillion SHIB to exchange addresses, almost 6.5 times higher than the previous day's deposit volume. The move marks a notable break from the accumulation trend that had defined much of the year.

Large holders have interrupted a months-long trend of asset accumulation and urgently returned tokens to centralised exchanges. For a long time, the market was dominated by a holding strategy, with coins steadily withdrawn to non-custodial cold wallets, which gradually reduced selling pressure and created the appearance of a supply shortage.

Reserves Rebound and Price Comes Under Pressure

CryptoQuant data reveals that the Exchange Reserve indicator, which measures the total volume of coins deposited in exchange wallets, showed a vertical rebound in just a few days to stand at 80.5 trillion units of SHIB. This sudden expansion of available supply had a direct and immediate impact on the token's valuation, with the price dropping toward the local level of $0.0000044.

A spike in exchange reserves alongside a price decline is a classic bearish signal for the spot market, confirming that distribution, or selling, is prevailing over accumulation at this moment. Large players appear to prefer temporarily abandoning long-term holding and moving volumes to trading platforms in order to lock in profits or hedge against the risks of a further market decline.

This kind of prolonged supply overhang could freeze any attempts by bulls to recover their previous positions for weeks, turning the recent upward impulse of late June into a prolonged defensive phase. Net inflows have turned positive, suggesting large holders are moving tokens closer to potential distribution rather than accumulation, meaning SHIB bulls may need to focus on defending key support levels before thinking about the next breakout.

Sources
U.Today: Shiba Inu Reserves Recover to 80 Trillion After Sudden 600% Inflow Spike
Crypto Economy: SHIB Sees Massive Inflow Spike as Reserves Recover to 80 Trillion Tokens
CryptoQuant: SHIB Exchange Flows