Shiba Inu Whales Accumulate 500B SHIB as Price Slump Creates Buying Opportunity

Following the recent downturn in Shiba Inu’s price, whales have begun taking advantage of lower prices by aggressively accumulating SHIB at discounted levels.

Large investors are viewing the latest correction as a buying opportunity, withdrawing more than 400 billion SHIB tokens from exchanges within just a few days.

Exchange Outflows Accelerate Amid Price Weakness

Shiba Inu remains firmly in bearish territory, with the token plunging to a five-year low of $0.00000404 on June 25. Although the asset has attempted to stabilize since then, it has struggled to mount a meaningful recovery.

Interestingly, the price decline has coincided with a sustained wave of exchange withdrawals that began on June 25. The trend suggests that investors are using the dip to accumulate SHIB and move their holdings into private wallets rather than keeping them on trading platforms.

Nearly 500 Billion SHIB Leave Exchanges in Four Days

According to CryptoQuant’s exchange netflow metric, which measures the difference between exchange inflows and outflows, investors withdrew 158.35 billion SHIB from exchanges on June 25 alone.

The accumulation trend continued over the following days:

• June 26: 85.72 billion SHIB withdrawn
• June 27: 125.55 billion SHIB withdrawn
• June 28: 124.15 billion SHIB withdrawn

In total, investors removed approximately 494.77 billion SHIB tokens from exchanges between June 25 and June 28. Although today’s figures remain incomplete, CryptoQuant data already shows an additional net outflow of 3.3 billion SHIB from exchanges. 

Exchange Reserves Decline as Accumulation Intensifies

As investors continue pulling tokens from trading platforms, Shiba Inu’s exchange reserves have started to decline from recent highs.

According to CryptoQuant data, SHIB exchange reserves currently stand at 80.05 trillion tokens. For comparison, reserves climbed to 80.55 trillion on June 24 after more than 700 billion SHIB flowed onto exchanges.

However, the recent wave of accumulation has reversed part of that increase. As a result, exchange reserves have fallen by approximately 0.62% from the June 24 peak. 

SHIB Continues to Trade Sideways

Meanwhile, Shiba Inu’s price action has remained largely unchanged despite the significant exchange outflows recorded in recent days. The token has traded sideways for several sessions and currently changes hands at around $0.000004144, giving it a market capitalization of approximately $2.44 billion.

Over the weekend, Shiba Inu also lost its position among the world’s top 30 cryptocurrencies by market cap after Tether Gold (XAUT) overtook the meme coin in the rankings.

Additionally, several indicators that could support a price recovery remain weak. Monthly token burns total less than 200 million SHIB, a negligible figure compared to the token’s massive circulating supply of 589 trillion. At the same time, several ecosystem initiatives remain unfinished, while the community enthusiasm that fueled previous rallies has slowed significantly.

Furthermore, derivatives trading continues to dominate market activity. Futures volume currently accounts for approximately 83% of Shiba Inu’s daily trading volume of $61.4 million, highlighting the market’s dependence on short-term speculation rather than sustained spot demand.