Shiba Inu Sees 665 Billion Token Surge in Activity, But Price Stays Under Pressure

Shiba Inu (SHIB) recorded a sudden burst of on-chain activity, with more than 665 billion tokens moving within a 24-hour window, according to U.Today. The spike points to increased whale activity, but the memecoin’s price has yet to show any meaningful response to the surge.

Data cited by the outlet shows exchange inflows climbing 2.47% over the same period, reaching roughly 628.8 billion SHIB. Inflows tied to the largest transactions rose 2.38%, while the average inflow size grew 2.74%, signaling that bigger holders are behind much of the movement rather than retail traders.

Whale activity picks up as reserves keep shrinking

Despite the inflow spike, exchange netflow remains slightly negative at -2.56 billion SHIB, meaning outflows still marginally outpace deposits onto trading platforms. The total exchange reserve continues to decline and now sits close to 87 trillion SHIB.

A shrinking reserve is typically read as a bullish signal, since fewer tokens are readily available for sale on exchanges. However, U.Today notes that historically, sharp jumps in exchange inflows have often preceded periods of heightened volatility, making the recent whale deposits worth watching closely.

Technical picture stays bearish

SHIB is currently trading around $0.0000043 and remains below its 50-day, 100-day and 200-day moving averages, confirming that the broader downtrend is still intact. The token has been in a steady decline for months, according to the report.

The Relative Strength Index (RSI) is attempting to form a short-term bottom after emerging from oversold territory, but buyers are running into resistance near $0.0000046 and again in the $0.0000050–$0.0000055 range, levels that previously acted as support before turning into resistance.

Repositioning, not necessarily a breakout

One encouraging detail in the data is a rise in both active addresses and withdrawal addresses, suggesting that network participants have not abandoned SHIB despite the extended slump. U.Today characterizes the 665 billion token activation as more indicative of large holders repositioning than as a sign of an imminent price breakout.

Whether the renewed whale activity ultimately translates into accumulation and a recovery, or adds further selling pressure to an already fragile market, remains uncertain and will likely become clearer in the coming days.

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