- Shiba Inu recorded 665 billion active SHIB as whale inflows increased, signaling renewed large holder activity despite continued market uncertainty.
- Exchange reserves declined while netflows stayed negative, suggesting withdrawals still outweighed deposits even as exchange transfers gained momentum recently.
- SHIB remains below major moving averages, although growing network participation and recovering RSI indicate traders are closely watching upcoming price action.
Shiba Inu recorded more than 665 billion SHIB in on-chain activity within the past 24 hours as large holders increased their movement across exchanges. According to the latest on-chain data, exchange inflows, large transactions, and average deposit sizes all moved higher, signaling renewed whale participation even though SHIB remains under technical pressure.
Whale Activity Increases as Exchange Flows Rise
According to the latest metrics, exchange inflows increased by 2.47% over the last day, reaching approximately 628.8 billion SHIB. At the same time, inflows from the largest transactions climbed 2.38%, while the average deposit size rose by 2.74%. Together, these figures suggest that major holders have become more active. Moreover, the data indicates that whales are repositioning their holdings instead of remaining on the sidelines.
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However, exchange netflow stayed slightly negative at around 2.56 billion SHIB. That means withdrawals continued to marginally exceed deposits despite the increase in exchange transfers. Meanwhile, exchange reserves continued their gradual decline and now stand near 87 trillion SHIB. Lower reserves generally reduce the number of tokens immediately available for trading. Consequently, many investors consider declining reserves a supportive long-term indicator.
Even so, the recent increase in deposits deserves attention. Historically, similar spikes in exchange inflows have often appeared before periods of heightened market volatility. Still, the data alone does not confirm whether whales intend to sell or simply rebalance their portfolios.
Technical Picture Remains Under Pressure
Shiba Inu continues to trade around $0.0000043 after remaining in a prolonged downtrend. Additionally, the token still trades below its 50-day, 100-day, and 200-day moving averages, confirming that sellers continue to control the broader trend. Meanwhile, the Relative Strength Index has recovered from oversold territory, suggesting that selling momentum has eased. However, buyers continue to face resistance near $0.0000046.
Beyond that level, another resistance zone sits between $0.0000050 and $0.0000055. Those levels previously acted as support before turning into resistance during the broader decline. Besides the technical outlook, on-chain participation remains relatively healthy. Active addresses and withdrawal addresses have both increased, showing that users continue interacting with the network despite weaker price performance.
Source: Tradingview
The activation of more than 665 billion SHIB appears to reflect increased movement among large holders rather than a confirmed market reversal. Although declining exchange reserves remain a constructive signal, the rise in exchange deposits suggests volatility could increase in the coming sessions. Consequently, traders will likely monitor whether the latest whale activity develops into accumulation or contributes to additional selling pressure as SHIB approaches key resistance levels.
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