TL;DR:
- Increase in reserves: CryptoQuant’s Exchange Reserve metric recorded a vertical surge, reaching 80.5 trillion SHIB tokens.
- Positive net flow: Trading platforms recorded a daily net inflow of 749.8 billion SHIB tokens over the last 24 hours.
- Holder capitulation: The gross volume of deposits to exchange addresses rose to 1.04 trillion SHIB tokens in a single day.
The SHIB market is experiencing a drastic shift in investor sentiment toward late June , interrupting an accumulation trend that had extended for several months. Large holders of the asset began mass-transferring their funds to centralized trading platforms.
CryptoQuant data reveals that the Exchange Reserve indicator, which measures the total volume of coins deposited in exchange wallets, showed a vertical rebound in just a few days to stand at 80.5 trillion units of SHIB. This sudden expansion of available supply had a direct and immediate impact on the token’s valuation. The price of the Shiba Inu ecosystem cryptocurrency dropped toward the local level of $0.0000044 dollars.
Capital movements reflect a state of caution and widespread uncertainty among market participants at the close of the second quarter of 2026. During the previous months, the dominant dynamic was based on the long-term holding or HODL strategy. Users consistently withdrew their assets to non-custodial cold wallets, decreasing selling pressure in the order books.
However, records from the last 24 hours confirm a total reversal of this behavior. CryptoQuant’s Netflow chart details that the daily net flow into exchange platforms moved into green territory, reaching 749.8 billion SHIB tokens.
Selling pressure and implications for the spot market
The speed with which this transfer of funds has occurred is evidenced by the gross flow metric. Investors sent approximately 1.04 trillion SHIB tokens to exchange addresses within a 24-hour window. This figure represents an increase of nearly 6.5 times compared to the deposit volume reported the previous day.
Industry analysts associate this behavior with traders’ desire to protect remaining capital or secure profits in the face of global volatility. The simultaneous increase in exchange reserves and the drop in price is technically interpreted as a bearish signal for the spot market. This scenario demonstrates that distribution or sell orders currently far outnumber accumulation orders.
The CryptoQuant report suggests that major market players prefer to temporarily exit their holding positions to take refuge on trading platforms. The accumulation of liquid supply on trading platforms could slow down buyers’ efforts to recover previous price levels, extending the cryptocurrency’s defensive phase during the coming weeks of the altcoin season. Market behavior at the opening of the third quarter of 2026 will serve to determine whether the current support manages to consolidate.
