$324 Billion in Shiba Inu (SHIB) Outflows: Are Whales Ready to Push for Uptrend?

Tue, 21/07/2026 - 10:23
Shiba Inu saw a deceleration in sales activity on the market, seeing stronger implications for a retrace.
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$324 Billion in Shiba Inu (SHIB) Outflows: Are Whales Ready to Push for Uptrend?
Cover image via depositphotos.com

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Over 324 billion SHIB have left centralized trading platforms, marking one of Shiba Inu's biggest exchange withdrawal events in recent weeks. The market has taken notice of the move right away because significant exchange outflows are typically linked to accumulation rather than active selling. The most recent on-chain data shows that total exchange outflows increased to about 325.7 billion SHIB, greatly outpacing exchange inflows of about 251.5 billion SHIB. 

Shiba Inu is ready to take over

Exchange netflows consequently became extremely negative, at about -74.2 billion SHIB. To put it simply, during the reporting period, significantly more SHIB left exchanges than entered them. Investor accumulation is the most apparent explanation. Tokens are usually moved onto exchanges by traders who plan to sell. Withdrawing assets into long-term storage options, staking platforms, or private wallets frequently denotes a diminished desire to sell right away. 

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SHIB/USDT Chart by TradingView

This interpretation is supported by the exchange reserves' ongoing decline, as the overall SHIB reserves on trading platforms continue their wider downward trend. The timing is what makes the situation especially intriguing. At $0.0000114, SHIB is still trapped close to some of its lowest points from 2025. 

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The asset has been in a protracted downtrend for months, losing several support levels and consistently failing to create a long-term recovery. In the past, when long-term holders started to accumulate during weak periods, significant outflow events frequently occurred. Tokens are often removed from exchanges by investors who believe an asset is undervalued rather than being made available for immediate trading. 

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After a prolonged decline, the chart itself indicates that SHIB has entered a stabilization phase. In contrast to the sharp movements observed earlier in the year, price action has flattened around the $0.0000110–$0.0000115 region, and volatility has significantly decreased. 

Momentum decreases substantially

Bearish momentum may not be as strong as it was in June, as indicated by the RSI's recovery toward the neutral zone. But an instant rally is not guaranteed by the outflow event alone. The overall trend is still negative, and SHIB continues to trade below all major moving averages. Additional barriers are located closer to the 100-day and 200-day trend indicators, while the first significant resistance is still close to the 50-day moving average. 

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As of right now, it seems that increasing accumulation activity rather than panic selling is responsible for the 324 billion SHIB withdrawal. The ability of buyers to translate improving on-chain dynamics into real price strength over the upcoming weeks will determine whether that accumulation results in a sustainable recovery.

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