After failing to maintain multiple attempts at recovery, Shiba Inu is still struggling on the price chart, trading close to local lows. On-chain data, however, presents a more positive picture.
Shiba Inu exchange netflow fell to negative 87,572,400,000 SHIB, showing withdrawals exceeded deposits by more than 87 billion tokens as buying activity strengthened. SHIB reclaimed $0.0000043 after rising about 3% in one day, aligning improving price momentum with reduced exchange availability following months of weakness.
Shiba Inu's famous token-burning mechanism is back in the spotlight with a dramatic surge.
Shibarium's testnet is back up, slowly but surely waking up DeFi activity across the Layer-2.
Over 324 billion SHIB have left centralized trading platforms, marking one of Shiba Inu's biggest exchange withdrawal events in recent weeks. The market has taken notice of the move right away because significant exchange outflows are typically linked to accumulation rather than active selling.
After weeks of steady decline, Shiba Inu has shown a slight but noteworthy recovery, with the well-known meme asset rising by about 1.7% during the most recent trading session. The move is notable because it came after a protracted period of diminishing momentum and almost constant selling pressure, even though it is insufficient to change SHIB's overall bearish trend.
Japan's heavyweight finance giant SBI Holdings just leveled up its crypto game with a ton of Shiba Inu coins.
Shiba Inu combined rising burns, exchange outflows, and whale activity as technical conditions gradually improved.
Large institutional investors may've begun using the prolonged market downturn to aggressively accumulate Shiba Inu (SHIB). A mysterious new whale has officially appeared on the radar after withdrawing 162.43 billion SHIB, worth approximately $672,476, from the institutional custody service Coinbase Prime in a single transaction, according to Arkham.
More than 160 billion SHIB tokens have been moved to trading platforms, resulting in a significant increase in exchange activity for Shiba Inu. This could lead to further selling pressure as the asset gets closer to a crucial technical resistance zone.
After failing to sustain multiple attempts at recovery throughout July, Shiba Inu is still struggling under intense bearish pressure, with the asset trading close to $0.0000041. SHIB has been firmly in a long-term downtrend for the majority of 2026, as evidenced by the chart's distinct pattern of lower highs and lower lows.
Are Shiba Inu investors losing interest? Data indicates a possible change.