Shiba Inu (SHIB) Whales Aggressively Take Profits Despite July Market Optimism

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. The beginning of July brought local relief to the meme coin market after a failed June, during which the sector lost around 33% of its capitalization. Against the backdrop of broader expectations for a traditional summer rebound, Shiba Inu (SHIB) showed a price recovery . Advertisement However, fresh on-chain data from the analytics platform CryptoQuant shows that large players prefer not to take risks and are locking in quick profits at the first opportunity. The reversal began in late June, when the SHIB price dropped to a low near $0.00000415. Large players immediately used this drawdown for aggressive accumulation: from June 25 to June 29, they massively withdrew coins to cold wallets. HOT Stories Ripple Co-Founder's PAC Boosts Democrat to Primary Victory Is XRP Reversal Even Possible? Bitcoin (BTC) May Aim for $52,000, Ethereum (ETH) Not Forgotten: Crypto Market Review The artificial supply shortage worked like a spring — by on July 2, the coin's price bounced upward, reaching the $0.00000430–$0.00000431 area. Advertisement Shiba Inu (SHIB) exchange netflow June 25 - July 2 2026, Source: CryptoQuant However, the reaction of large holders to the first green candles turned out to be pragmatic, as fresh metrics recorded a lightning-fast reverse inflow of coins to trading platforms. Over the past 24 hours, an impressive 254.4 billion tokens were sent to exchanges, while outflows were almost 50 billion lower. As a result, dollar reserves on exchanges jumped by 2.67% at once, reaching $375.9 million. This statistic directly proves that whales do not believe in long-term growth and are using any local rise to quickly lock in profits, once again loading the market with selling pressure. Can retail buying power overcome exchange pressure for SHIB? Given the clash of interests between sellers and buyers opening new positions, on-chain metrics point to two possible scenarios: Advertisement Bull case: Retail buyers break through the current resistance at $0.00000431 and continue the upward move that began on July 1. Bear case: Coin inflows to exchanges from sellers continue to grow, neutralizing the current rebound and sending the price back toward the June support at $0.00000415. You Might Also Like Wed, 07/01/2026 - 14:18 Half a Trillion Shiba Inu (SHIB) In: What to Expect From Massive Exchange Supply Surge? By Arman Shirinyan Whether the Shiba Inu coin can build on this minor price success now depends entirely on the resilience of retail investors. So far, small players are coping with the pressure, and the active addresses index has risen by 0.61%, which means that, caught up in July optimism, retail is absorbing whale orders and preventing the price from sinking. The price has frozen in a narrow range, while the daily net flow of coins to exchanges has almost zeroed out. While retail investors are trying to buy into a full reversal, large participants no longer believe in "moonshots" and opt for a bird in the hand by taking profits on every rebound. #Shiba Inu #Shiba Inu (SHIB) News