A dramatic shift in investor behavior has hit Shiba Inu (SHIB), as on-chain data reveals a mass movement of tokens onto centralized exchanges. CryptoQuant’s Exchange Reserve metric spiked vertically to 80.5 trillion SHIB, marking a sharp reversal from months of accumulation and HODLing.
Within a 24-hour window, the net flow into trading platforms turned positive at 749.8 billion SHIB, while gross deposits surged to 1.04 trillion tokens – nearly 6.5 times the previous day’s volume. This rapid increase in available selling supply contributed to a price slide toward a local low of $0.0000044. Analysts interpret the concurrent rise in reserves and falling price as a bearish signal, indicating that distribution orders now far outweigh accumulation.
The sudden capitulation suggests large holders are securing profits or moving funds to safe havens amid global volatility. With liquid supply ballooning on exchanges, buyers may struggle to regain upward momentum, potentially extending SHIB’s defensive phase as the altcoin season unfolds.
