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Large Shiba Inu coin holders have staged a systematic exodus from exchanges, moving tokens into long-term storage. According to analytics platform CryptoQuant, SHIB's net flow on trading platforms has remained negative for a record eight consecutive days since July 3.
So-called smart money, which controls up to 94.5% of the token's supply, has reduced selling and withdrawn hundreds of billions of tokens to "cold" wallets over this period.
The movement of tokens over the past 24 hours is reflected in the following metrics:
- Massive outflow: 226.3 billion SHIB left exchange accounts for private addresses.
- Modest inflow: Around 131 billion SHIB was deposited on trading platforms for potential sale.
- Net deficit: Exchange order books lost a net 95.35 billion SHIB in just one day.
- Reserves near the bottom: Total SHIB holdings on centralized platforms fell to 86.69 trillion tokens.
The meme coin's price stabilized near $0.00000438 as exchange supply continued to decline. SHIB has gained approximately 4.12% since the beginning of July, but it remains trapped in a narrow range after a difficult June, when the asset lost 24%.
Large transfers slow, but reserves keep falling
The seven-day average number of SHIB deposits to exchanges fell by 69%, while the equivalent figure for withdrawals declined by 78%. This means overall large-transfer activity weakened significantly compared with the previous week.
At the same time, the negative netflow shows that exchange reserves continue to shrink despite the lower number of transactions. The amount of SHIB available for immediate sale on centralized platforms is gradually decreasing.
One important detail is that token withdrawals alone do not prove that all transfers are related to accumulation. Some of the activity may involve funds being redistributed between custodial wallets, internal exchange operations, or changes in storage structure.
What this means for the SHIB price
A decline in exchange supply could reduce potential selling pressure. If demand begins to rise, the smaller amount of available tokens may amplify the price response to new buying activity.
However, the eight-day outflow streak does not yet confirm the beginning of a new uptrend. Trading activity and the number of large transfers are declining alongside exchange reserves, meaning the market will need stronger spot volume to break out of the current consolidation range.
In the coming days, the main indicators for the Shiba Inu coin will be exchange reserves, daily netflow, and trading volume. Continued withdrawals combined with stronger buying activity would provide more reliable confirmation of a shift in the market balance than negative netflow alone.
Dan Burgin
U.Today Editorial Team
