What to Know:
- Shiba Inu recorded over 324 billion SHIB leaving centralized exchanges, signaling growing investor accumulation despite prolonged price weakness.
- Exchange reserves declined while SHIB stabilized near yearly lows, although major moving averages remain firm resistance levels.
- Negative net flows reflected withdrawals exceeding deposits, yet sustained recovery still depends on stronger buying momentum overcoming technical barriers first.
More than 324 billion SHIB have left centralized exchanges, making it one of Shiba Inu’s largest withdrawal events in recent weeks as on-chain data points to growing accumulation despite persistent price weakness.
Recent CryptoQuant data shows that exchange outflows climbed to roughly 325.7 billion SHIB. Meanwhile, exchange inflows reached about 251.5 billion SHIB during the same period. Consequently, net flows dropped to nearly negative 74.2 billion SHIB, indicating withdrawals significantly exceeded deposits.
Such a trend often reflects investor confidence rather than immediate selling activity. Instead of keeping tokens on trading platforms, many holders move them into private wallets, cold storage, or staking solutions when they expect to hold their assets for longer.
Additionally, SHIB reserves across centralized exchanges have maintained a broader downward trend. Lower exchange balances generally reduce the supply readily available for sale, although they do not guarantee a price recovery.
Despite the increased withdrawal activity, SHIB trades around $0.0000114. The meme coin remains close to some of its weakest price levels recorded in 2025, highlighting the contrast between subdued market performance and rising accumulation signals.
SHIB stabilizes as technical resistance remains intact
Price action suggests that SHIB has entered a period of consolidation following months of sustained declines. Rather than extending its previous losses, the token has traded within the $0.0000110 to $0.0000115 range while market volatility has eased.
Moreover, the Relative Strength Index has recovered toward neutral territory. That shift indicates that bearish momentum has weakened compared with June, although buyers have yet to establish a confirmed bullish trend.
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Source: TradingView
However, SHIB still trades below its 50-day, 100-day, and 200-day moving averages, which remain key resistance levels the token must reclaim before a stronger recovery can develop.
Historically, similar exchange withdrawal patterns have emerged when long-term investors accumulated assets during periods of market weakness. Instead of positioning tokens for immediate trading, investors often transfer holdings off exchanges when they believe valuations have become more attractive.
Accumulation trend faces technical hurdles
Although on-chain activity reflects growing accumulation, technical indicators still present significant challenges. The 50-day moving average remains the first major resistance level, while the 100-day and 200-day moving averages create additional barriers for any sustained upward movement.
Consequently, stronger buying pressure will be necessary before improving on-chain metrics translate into a broader price recovery. Until then, SHIB remains caught between encouraging accumulation signals and a technical structure that continues to favor caution.
The latest on-chain data indicates investors are withdrawing SHIB from exchanges at a pace that exceeds new deposits, reinforcing signs of accumulation. Even so, the token remains below major technical resistance levels, leaving sustained price strength dependent on buyers overcoming those barriers while maintaining the current withdrawal trend.
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