86B Shiba Inu Tokens Withdrawn From Exchanges in 24 Hours
Exchange outflows suggest Shiba Inu holders are moving tokens into private wallets, a shift that typically indicates medium-term holding rather than immediate sell pressure.
Key Takeaway
Exchange outflows suggest SHIB holders are locking in positions, not preparing to sell.
CryptoQuant data shows 86 billion Shiba Inu tokens left centralized exchanges over 24 hours, pushing netflows into the negative 108 billion range. Exchange outflows typically signal reduced immediate sell pressure. When traders move tokens off exchanges, they're more likely holding for the medium term rather than preparing to dump. Active addresses also ticked higher during the same period, though the increase remained modest.
Shiba Inu has faced months of continuous downward pressure before this withdrawal wave. The token's price action mirrors the broader meme coin sector, which has struggled to find buyers after last year's rally faded.
Hyperliquid's HYPE token trades in the low-₱2,420 ($40) range after recovering from sub-₱1,815 ($30) levels. The token hit an all-time high of $59.39 on September 18, 2025, then crashed to an all-time low of $3.20 on November 29, 2024. The current rally faces resistance at the ₱2,602 ($43)-₱2,723 ($45) zone, with support sitting between ₱2,299 ($38) and ₱2,420 ($40). The RSI indicator sits in the mid-to-high range without reaching overbought territory, but volume has thinned near resistance.
XRP climbed into the mid-$1.40 range after sliding toward $1.30 earlier this month. The recovery comes after a year of decline, though the price still trades below both the 100 EMA and 200 EMA. Bitcoin's potential move to $80,000 could lift altcoins like XRP if momentum builds, but the technical picture shows weakness as long as price stays under key moving averages.
This article was written based on reporting from U.Today.
