Shiba Inu has continued to see sustained demand amid the broader flip in market sentiment that has launched the market into a series of bullish trends.
While momentum has continued to build, Shiba Inu is seeing renewed market interest and surging demand from retail and institutional investors, causing its market supply to increasingly tighten.
Over 374 billion SHIB scooped in a week
According to recent data shared by the SHIB team on X, a total of over 374 billion SHIB tokens were withdrawn from exchanges over the past seven days.
Notably, this marks one of the largest exchange outflows Shiba Inu has recorded in 2026. With such a large amount moved in such a short period of time, it marks one of Shiba Inu's biggest supply squeezes of 2026.
Shiba Inu has sparked renewed interest from investors as its price has continued to reclaim previous highs amid the recent market rally, driving optimism for bigger price moves in the near future.
Shiba Inu exchange reserve hits 2026 lowest
Following the massive purchases from holders, Shiba Inu's exchange reserves have now fallen to about 82.31 trillion SHIB. This marks the lowest level its exchange reserve has reached this year.
With such a sharp decline seen in the Shiba Inu exchange-held supply, it appears that large holders and long-term investors are increasingly moving tokens into private wallets for accumulation purposes rather than preparing them for selling.
According to the report, the largest movements occurred on May 10, when a single whale transferred 134 billion SHIB from Binance to a private wallet, signaling increased whale activity.
Dan Burgin
U.Today Editorial Team
