Shiba Inu is showing a surprisingly strong ability to hold its value, as people are quickly moving their coins *off* of exchanges. This is one of the most positive on-chain indicators we’ve seen for the cryptocurrency in recent weeks.
Recent data on SHIB token movements shows a large increase in the amount leaving exchanges – over 147% – which is much higher than the amount coming in. This could suggest that sellers are finding it harder to maintain control of the market.
Unexpected spike in outflows
Exchange outflows track how many tokens are being moved from trading platforms to more secure storage, like personal wallets. When a lot of tokens leave exchanges, it usually means there’s less immediate pressure to sell, because people are storing their assets rather than trying to sell them right away.
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Currently, around 451 billion SHIB tokens have left exchanges, while only about 244 billion have entered. This creates a significant net negative flow, which in the past has often led to price stabilization or a short-term increase, rather than further declines.
Currently, Shiba Inu reserves remain substantial, holding around 80.3 trillion SHIB. While still high, the rate of increase has slowed compared to previous periods of price drops, suggesting that widespread fear and selling may be easing.
As a researcher, I’ve been closely watching SHIB, and the recent price action tells a story of a struggle between buyers and sellers. We saw a bearish signal when the price dropped below a rising wedge pattern that had been building since March. However, despite this breakdown, sellers haven’t been able to push the price significantly lower, suggesting some underlying support.
Shiba Inu investors shift attention
As a researcher, I’ve been watching the Relative Strength Index, and it’s starting to suggest the asset might soon be oversold. However, the price is still hovering right around that key support level of $0.0000055. This combination is important because, in my experience, markets don’t usually fall straight down once the initial wave of sellers starts to lose steam. It suggests a potential bottom might be forming.
The cryptocurrency market appears to be calming down after a period of ups and downs caused by economic uncertainty and a recent dip in Bitcoin‘s growth. While joke coins and risky investments aren’t falling as quickly, most alternative cryptocurrencies are still struggling.
The significant increase in SHIB withdrawals could indicate that major investors are changing their strategy – instead of trying to profit from falling prices, they may be buying and holding the cryptocurrency for the long term.
SHIB’s price remains below its key moving averages, suggesting a continuing downward trend. However, a large increase in the amount of SHIB leaving exchanges – up over 147% – combined with slowing price drops, could signal that the heaviest selling pressure is starting to ease.
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2026-05-27 15:55