Shiba Inu recorded nearly 2.4 trillion SHIB in exchange inflows, while almost the same amount exited trading platforms, limiting net inflows. Strong buying demand absorbed available supply, a
Shiba Inu recorded nearly 2.4 trillion SHIB in exchange inflows within 24 hours as heavy trading activity accompanied a strong price rally. Despite the massive transfers, on-chain data indicates buyers absorbed most of the incoming supply, allowing SHIB to break above several important technical levels.
Exchange wallets received approximately 2.399 trillion SHIB during the period. However, around 2.376 trillion SHIB also left those platforms. Consequently, net exchange inflows reached only about 22.6 billion SHIB instead of the headline figure.
That distinction provides important context for the rally. Rather than signaling overwhelming selling pressure, the data reflects intense two-way trading between buyers and sellers. As a result, SHIB climbed from roughly $0.0000042 to around $0.0000054 while maintaining strong momentum.
Moreover, the token reclaimed its 50-day and 100-day moving averages before testing the 200-day moving average near $0.0000050. Trading volume also increased throughout the move, reinforcing the breakout above key resistance levels.
Meanwhile, the Relative Strength Index climbed above 78. Although the reading confirmed strong bullish momentum, it also suggested that SHIB had entered overbought territory, raising the possibility of increased short-term volatility.
Source: TradingView
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Several market reports linked the rally to increased buying activity from South Korean traders. Higher trading volumes on Korean exchanges reportedly matched activity on some of the industry’s largest global platforms, providing additional support for SHIB’s advance.
Besides stronger retail participation, declining exchange reserves likely amplified the price movement. CoinMarketCap’s market summary shows centralized exchanges now hold approximately 86.1 trillion SHIB, marking one of the lowest reserve levels recorded for the token.
Lower liquid supply often increases price sensitivity when demand accelerates. Consequently, buyers needed fewer additional purchases to push SHIB above important technical resistance.
Market reports also pointed to recent whale accumulation as another supporting factor. However, available on-chain data does not indicate that one identifiable whale transferred the entire 2.4 trillion SHIB into exchanges. Instead, the inflows appear to represent combined activity from traders, market makers, and larger holders adjusting their positions during the rally.
Additionally, SHIB benefited from higher burn activity and renewed interest in the Shibarium ecosystem. Even so, the number of burned tokens remains too small to account for the double-digit price increase on its own.
Instead, the rally appears to have resulted from several factors working together. Lower exchange liquidity, stronger Korean demand, whale positioning, and short covering following the technical breakout all contributed to the move.
Although gross exchange inflows approached 2.4 trillion SHIB, nearly the same volume exited exchanges during the period, leaving only modest net inflows. Buyers successfully absorbed available supply and extended SHIB’s recovery above key resistance levels. Even so, elevated RSI readings suggest traders may remain alert for potential profit-taking if buying momentum begins to ease.
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