Shiba Inu exchange outflows surged to 207 billion tokens in 24 hours as holders moved coins to self-custody wallets, signaling accumulation behavior. Despite the massive withdrawals tightening exchange supply, the SHIB price remains stuck below key resistance levels at $0.0000105.”
Key Insights
- Shiba Inu recently saw 207 billion tokens leave exchanges within 24 hours.
- Meanwhile, its price stays stuck under major resistance even as supply on exchanges drops.
- Exchange data is showing signs of strong accumulation while technical charts stay weak.
Shiba Inu exchange outflows hit record levels with one of the largest withdrawal events in months, generating fresh debate about the token’s short-term direction as holders move coins off trading platforms.
Shiba Inu exchange outflows reached 207 billion tokens within one day, yet the price did not react much to this massive supply reduction from centralized platforms.
This has created a fresh discussion about what this means for holders as the market heads into another volatile period.
Shiba Inu Outflows Rise as Holders Pull Tokens Off Exchanges
Shiba Inu exchange outflows reached unusual levels on November 15 and November 16, marking one of the most significant withdrawal periods in recent months.
CryptoQuant reported that 121 billion SHIB left exchanges on a single day, and then another wave followed. These numbers pushed the total to 207 billion SHIB in 24 hours.
The scale of these Shiba Inu exchange outflows suggests that large holders are increasingly moving tokens into cold storage rather than keeping them available for immediate trading.
This was not a routine event. It stood out from normal activity and likely came from deliberate moves by holders who chose to protect their tokens from short term price changes.
Large withdrawals often indicate a change in behavior, and current data fits that pattern.
Price action stayed muted during this period. SHIB continued to trade around $0.000008995, and this range has acted as support for several weeks. Despite record Shiba Inu exchange outflows reducing available supply on platforms, the price action remained range-bound as technical resistance continued to cap upside momentum.
Each attempt stalled under layers of technical resistance affected by major moving averages.
The Relative Strength Index stayed near 39. This level indicates some slow activity but no panic. Volume has also held steady lately.
This gave the impression that holders made deliberate choices rather than emotional reactions. That pattern often appears during calm accumulation periods.
Read More: Will Shiba Inu Coin Reach $1? The Harsh Truth Behind SHIB’s Billion-Dollar Dream
Shiba Inu Exchange Outflows Signal Accumulation Despite Resistance
The first major hurdle for Shiba Inu sits at $0.0000105. This region holds a cluster of moving averages that continue to slope downward. The next barrier is $0.0000112. SHIB has not reached either level during the recent withdrawal phase.
Even so, on-chain data shows a different story. When Shiba Inu exchange outflows of this magnitude occur, they usually reduce available supply on exchanges and can precede major price movements once technical barriers break.
When supply tightens and price stays steady, accumulation phases can often surface. Shiba Inu is now showing these signs and holders appear ready to sit through uncertainty rather than send tokens back into the market.
Historical patterns also support this view. Large outflow events tend to build conditions for trend changes in many assets.
The timing is never exact, and yet the size of this event shows more interest than usual.
Mixed Signals Emerge Despite Strong Exchange Outflows
Shibarium activity has weakened. Daily transactions dropped 54% on November 15. They fell from 7,620 to 3,490, and this decline followed months of lower activity after the October market crash.
Total transactions are still high overall, but daily usage is now similar to levels seen earlier this year.
This decline affected sentiment. Lower activity reduces participation and puts pressure on the network’s long-term plans. Still, the price did not collapse. SHIB even bounced 0.63% after the dip.
Meanwhile, burn activity rose as well. More than 812 million SHIB disappeared in a week, the weekly burn rate jumped by 2,405%, and daily burns also increased.
Over 410 trillion SHIB have been destroyed since launch. These burns support long-term supply reduction, but they have not driven major price moves on their own.
SHIB currently trades near $0.0000090, and this support zone sits above $0.00000853, which is the last major line before a larger decline risk. Analysts are now warning that a drop under that level could open the path toward $0.0000050. For now, the support level has held.
Disclaimer: This article is intended solely for informational purposes and should not be construed as financial advice. Investing in cryptocurrencies involves substantial risk, including the possible loss of your capital. Readers are encouraged to perform their own research and seek guidance from a licensed financial advisor before making any investment decisions. Voice of Crypto does not endorse or promote any specific cryptocurrency, investment product, or trading strategy mentioned in this article.
