Shiba Inu (SHIB) demonstrates intensifying accumulation patterns through reduced token movements and significant exchange outflows, potentially laying groundwork for a price recovery. On-chain metrics and holder behavior point toward strengthening confidence among investors amid declining market supply.
Critical on-chain data reveals SHIB’s Age Consumed metric has plummeted 99.7% since mid-June, signaling drastically reduced token circulation. Exchange reserves simultaneously dropped by 200 billion SHIB between July 22-25, confirming substantial withdrawals to private wallets. These coordinated movements indicate strategic shifts toward self-custody, effectively reducing immediately sellable supply.
Notable whale transactions underscore accumulation momentum, including a single purchase of 2.58 billion SHIB. Such high-volume acquisitions suggest growing institutional confidence and may catalyze upward price momentum as buy-side pressure increases.
Technical indicators reflect stabilizing conditions, with SHIB’s Relative Strength Index (RSI) holding neutrally at 55.88. Despite cooling momentum readings, the asset maintains crucial support levels, exhibiting notable market resilience. Long-term holders increasingly keep positions dormant, significantly lowering risks of large-scale sell-offs and reinforcing price floor mechanisms.