Shiba Inu (SHIB) holders have propelled a significant increase in on-chain activity, with both inflow and outflow volumes on exchanges climbing sharply, according to data from CryptoQuant. Analysts attribute this surge to large holders actively redistributing liquidity amid volatile market conditions.
Large-scale liquidity movements and exchange activity
CryptoQuant data reveals that the seven-day moving average for SHIB inflows to exchanges jumped 206.98%, easily exceeding the one billion-token mark. Simultaneously, SHIB outflows from exchanges rose 255.78%, highlighting intense two-way activity from major market participants.
Despite these parallel increases, the trend remains skewed towards potential sellers. The average inflow transaction size is 2.2786 billion SHIB, nearly double the average outflow of 1.0996 billion tokens. This suggests that, in absolute terms, more tokens are being sent to exchanges rather than withdrawn, creating a notable overhang of supply.
| Metric | Current Value | Percentage Change |
|---|---|---|
| Exchange Inflow Mean (MA7) | 2.2786 billion SHIB | +206.98% |
| Exchange Outflow Mean (MA7) | 1.0996 billion SHIB | +255.78% |
| Exchange Netflow Total | -0.24% | N/A |
CryptoQuant, a blockchain data analytics platform, specializes in providing real-time on-chain metrics and exchange flows for various digital assets.
Balance of buying pressure and price stabilization
Total SHIB reserves on exchanges remain high at 87.16 trillion tokens. However, the net daily balance (Exchange Netflow Total) reads -0.24%, indicating a slight predominance of outflows over inflows. Despite this substantial supply, SHIB’s price has not sharply declined. Buyers in the spot market are reportedly absorbing much of the selling pressure throughout the day, stabilizing prices and preventing a breakdown below current levels.
The recent activity reflects a delicate capital rotation, particularly following Ethereum’s $3,000 surge. SHIB is acting as a high-beta proxy asset, where whale accumulation is intersecting with a wave of sell-side liquidity on the largest platforms.
Price action and on-chain address growth
On the price front, SHIB is consolidating in a narrow band around $0.0000052 after pulling back from a local high of $0.00000555. Market observers note that the asset is repeatedly testing support within this range, hinting at cautious sentiment following the earlier move.
While the price consolidates, network activity remains robust. Active addresses on the SHIB blockchain have increased by 0.92%, and the number of receiving addresses has risen by 0.93%. This uptick indicates ongoing organic participation within the community, even as major holders move large sums onto and off exchanges.
Current on-chain dynamics show a fragile equilibrium: sizeable amounts of SHIB await possible sale on exchanges, but sustained spot market demand has so far prevented a price drop below established support.
Market analysts caution that a modest drop in buying activity could trigger a swift decline, as the accumulating tokens on exchanges might exert sudden downward pressure on SHIB’s price if absorption wanes.
