Shiba Inu Holders Are Pulling Tokens Off Exchanges
Shiba Inu exchange outflows surged sharply as nearly 490 billion $SHIB left trading platforms in recent times, according to CryptoQuant data seen by U Today.
Exchange reserves also continued falling, signaling increased movement toward self custody wallets.
The trend suggests large holders may be reducing immediate sell pressure despite SHIB’s ongoing downtrend.
With this Falling Wedge-like breakout, $SHIB looks to be getting in position here for a huge upside move!
Last move off of a breakout like this resulted in a near 6X and this time around, with an alt-season to support, we could see a much larger move.
(Shiba Inu)
Time for #ShibaInu to Wake Up and Pump Hard—Analyst MMBTrader Says Massive Move Will Surprise Us. $SHIB
Shiba Inu has been stuck within a broader descending channel since making a lower high of $0.00001765 in May 2025.
It entered a smaller wedge in October 2025 and continued to make lower highs and lower lows until a breakout on April 16.
Boring accumulation phases have often preceded strong price pumps.
SHIBA INU WALLET COUNT HITS ALL-TIME HIGH
Shiba Inu has recorded more than 1,100 new holders in a single day, pushing total wallets to a new all time high, per a recent update by Shibizens on May 6.
The meme token now has over 1.58 million holders. The milestone comes as $SHIB continues its recent bullish momentum.
SHIBA INU QUIETLY STACKING WINS
Shiba (@Shibtoken) is approaching 3 million holders, with on-chain data showing 2.95 million wallets and a $3.76 billion market cap. Holder growth has accelerated in late April, and exchange netflows have turned sharply negative as more than 133 billion SHIB exits centralized exchanges, signaling accumulation rather than rotation.
The 2026 story has been building all year. The SEC classified ethereum:0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce as a digital commodity in March, paving the way for institutional access. T. Rowe Price included SHIB in a proposed Active Crypto ETF filing. Burn rate spikes have hit 800% in January and 276,545% in March, with cumulative burns now topping 410 trillion tokens worth more than $2.35 billion.
Shibarium has crossed 1.5 billion transactions and rolled out the Shib Alpha Layer, a Layer-3 rollup framework that lets developers spin up custom rollups with TREAT staking. The Fully Homomorphic Encryption upgrade with Zama, scheduled for completion this quarter, will enable private smart contracts on the network, a feature almost no other meme coin can credibly claim.
#ShibaInu Will be Free at $0.00002-$0.0001: Top Analyst "SHIB KNIGHT". ethereum:0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce
Looking at the weekly chart, Shiba Inu (SHIB) has been consolidating for weeks, with price tightening within a range.
The asset has held steadily above the $0.0000060 support as it slowly builds a base for an upward move.
However, SHIB has been stuck under a descending trendline on the 8-day timeframe since 2021.
With recent consolidation and brightening market conditions, a huge breakout could be imminent.
The first level at which Shiba Inu will finally be free is $0.00002, with chart data showing the possibility of a $0.0001 price.