- Nearly 500 billion SHIB exited exchanges as reserve balances dropped significantly.
- SHIB active addresses increased despite weakening momentum and failed breakout attempts.
- Declining exchange supply reduced selling pressure while critical support remained important.
Shiba Inu exchange reserves dropped heavily as nearly 500 billion SHIB exited centralized trading platforms within days. The large movement reduced available sell-side liquidity and strengthened discussion around possible long-term accumulation behavior. Recent on-chain metrics showed SHIB reserve balances declining toward the 81.2 trillion range. Besides, exchange netflows turned deeply negative as withdrawals continued surpassing deposits across major platforms.
According to the latest exchange flow data, more than 430 billion SHIB exited exchanges during the reporting period. Consequently, fewer tokens remained available for immediate selling activity across the market. Large holders appeared to move tokens into private wallets instead of preparing for aggressive distribution. Additionally, declining exchange reserves often indicate reduced short-term selling pressure because investors remove assets from active trading environments.
Network activity also remained relatively stable despite recent volatility surrounding meme coins. Active address growth continued posting positive readings, signaling that participation across the Shiba Inu network had not weakened significantly.
Also Read: KAIA Price Prediction 2026–2030: Can KAIA Rally Hit $0.10 Soon?
SHIB Momentum Weakens Near Key Resistance Levels
Shiba Inu still faces technical pressure despite improving exchange supply conditions. Market data showed SHIB recently failing to break resistance between $0.0000063 and $0.0000064 following weeks of consolidation. The token previously formed an ascending triangle structure while recording progressively higher lows during March and April. That pattern initially supported expectations for a stronger upward breakout attempt.
However, momentum weakened following the latest rejection from resistance levels. SHIB also slipped below its local support trendline while the Relative Strength Index moved into bearish territory. Despite the weaker momentum, exchange reserve balances continued moving lower across the market. Hence, some investors now interpret the current trend as continued accumulation rather than widespread panic selling.
Source: Tradingview
Support near the $0.0000057 and $0.0000058 range remains important for SHIB’s short-term direction. If buyers defend that area successfully, the token could attempt another move toward resistance later this quarter. In conclusion, Shiba Inu currently trades between improving on-chain supply dynamics and weakening technical momentum. The token’s next major move will likely depend on whether buyers regain control near resistance levels.
Also Read: Cardano Founder Explodes Over XRP Attack Claims as ETHgate Returns Again
