Shiba Inu (SHIB) Records 33.77% Exchange Withdrawal Spike: Accumulation Trend Emerges

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Shiba Inu's outflows crawling up Accumulation pushed to the edge Advertisement Following an extended stretch of weak price action, Shiba Inu has begun exhibiting tentative signs of investor accumulation. Recent exchange flow data is shifting toward patterns that traders often interpret as capital moving into longer-term holding behavior instead of preparing for near-term liquidation. Shiba Inu's outflows crawling up The largest change is the result of exchange withdrawals. SHIB recently noted a significant increase in outflows from centralized exchanges, and the overall exchange netflow fell sharply into negative territory. Exchange Netflow is currently close to -134 billion SHIB according to current metrics, while total exchange outflows have surpassed 442 billion tokens. To put it simply, more SHIB tokens are being withdrawn from exchanges than are being deposited. SHIB/USDT Chart by TradingView This is significant because exchange withdrawals are frequently seen as accumulation behavior. Moving assets off centralized platforms typically indicates that investors are planning to hold rather than sell right away. The notion that SHIB is stabilizing is further supported by the broader chart structure. After a decline earlier this year, the price has progressively formed an ascending channel. SHIB is currently trying to break through short-term resistance, reclaiming the 50 EMA and gradually getting closer to the 100 EMA overhead. HOT Stories Avalanche Founder Warns of Bitcoin (BTC) Crisis Shiba Inu (SHIB), XRP, Toncoin (TON), Bitcoin (BTC) and Ethereum (ETH) Price Analysis for May 9th: Breakouts Fail, Key Support Levels Crack and Bullrun Momentum Collapses SHIB is still trading below the 200 EMA, which remains a significant long-term bearish barrier. Additionally, meme assets continue to be highly sentiment-driven, which means that if the overall momentum for cryptocurrencies wanes, rallies may swiftly reverse. Advertisement Accumulation pushed to the edge Beneath the surface, the exchange metrics are somewhat inconsistent. While seven-day average exchange outflow activity decreased by more than 73%, exchange reserves decreased by about 0.16%. This implies that a few larger transactions, rather than widespread retail migration, may have been the cause of the most recent withdrawal spike. However, the general trend at the moment favors accumulation over distribution. You Might Also Like Sat, 05/09/2026 - 08:00 +427 Billion Shiba Inu (SHIB) Added to Centralized Exchanges: Analyzing the Price Effect By Arman Shirinyan For SHIB's future, there are now two main options. The first is a scenario of a continuation breakout. SHIB may eventually break above its current channel and spark another speculative rally driven by retail momentum and meme sector rotation if Bitcoin and the broader cryptocurrency market continue to be strong. Advertisement An extended phase of consolidation is the second option. Before any significant trend reversal fully materializes, SHIB may continue to gradually build support while whales accumulate positions. Compared to its previous collapse phase, Shiba Inu appears to be much more stable at the moment. #Shiba Inu #Shiba Inu (SHIB) Price Prediction