Shiba Inu’s on-chain metrics indicate a phase of accumulation, with long-term holders remaining steady and exchange reserves gradually declining. This combination suggests reduced selling pressure and could set the stage for a potential SHIB price rebound if buying momentum increases.
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Shiba Inu’s on-chain data shows a sharp drop in Age Consumed, signaling long-term holders are not selling.
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Exchange reserves have decreased slightly, suggesting investors are moving SHIB off exchanges and reducing sell pressure.
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Momentum indicators like RSI and MACD show cooling, but SHIB is holding above key support levels, hinting at resilience.
Shiba Inu on-chain metrics reveal accumulation as exchange reserves drop and holders remain steady—could SHIB be ready for a price rebound?
| SHIB On-Chain Metric | Current Value | Change vs. June |
|---|---|---|
| Age Consumed | 4.7 Trillion | -99.7% |
| Exchange Reserve | 84.4 Trillion | -0.2 Trillion |
| RSI | 55.88 | Neutral |
What is driving Shiba Inu’s current on-chain accumulation?
Shiba Inu’s on-chain accumulation is driven by a significant drop in Age Consumed and a steady decline in exchange reserves. Long-term holders are not moving their tokens, and more SHIB is being withdrawn from exchanges, reducing immediate selling pressure and signaling potential for a price rebound.
How do exchange outflows impact SHIB’s price stability?
Exchange outflows indicate that investors are moving SHIB into self-custody, which typically reduces the available supply for sale on exchanges. This trend often precedes periods of price stabilization or gradual accumulation, as observed in recent SHIB activity according to official on-chain data.
Shiba Inu’s Dormant Tokens Reflect Holder Confidence
Recent on-chain analysis shows that SHIB’s Age Consumed metric has plummeted by 99.7% since mid-June, now at just 4.7 trillion. This sharp decline highlights that long-term holders are not selling, even during price rallies, reflecting growing confidence and conviction in the token’s future prospects.
Source: Santiment
Historically, spikes in Age Consumed have coincided with price peaks, but July’s inactivity among older wallets suggests that holders are waiting for a more favorable market environment. This behavior reduces the risk of large-scale sell-offs and supports price stability.
Exchange Outflows and Whale Activity Support Accumulation Trend
Between July 22 and July 25, SHIB’s exchange reserves dropped from 84.55 trillion to 84.35 trillion, a net outflow of 200 billion tokens. This movement, though modest, indicates that some investors are transferring SHIB off exchanges, likely into private wallets, which typically reduces short-term selling pressure.
Source: CryptoQuant
Recent whale activity, including a notable 2.58 billion SHIB accumulation, further reinforces the accumulation narrative. These trends, combined with reduced exchange reserves, may be setting the stage for SHIB’s next significant price move.
Momentum Indicators Show Cooling, But SHIB Maintains Support
After a brief rally above $0.000015, Shiba Inu experienced a pullback but has stabilized near $0.000014. The Relative Strength Index (RSI) is at 55.88, indicating neutral momentum, while the MACD shows a weakening bullish crossover, pointing to a slowdown in upward momentum.
Source: TradingView
Despite the cooling indicators, SHIB’s ability to hold above key support levels demonstrates market resilience. If buying interest returns, the memecoin could see renewed upward momentum.
Frequently Asked Questions
Why are Shiba Inu holders not selling despite recent price volatility?
Long-term SHIB holders are demonstrating strong conviction by keeping their tokens dormant, as shown by the sharp decline in Age Consumed. This reduces the risk of sudden sell-offs and supports price stability.
How do exchange outflows affect Shiba Inu’s price?
When SHIB is withdrawn from exchanges, it decreases the circulating supply available for immediate sale. This typically reduces sell pressure and can help stabilize or gradually increase the token’s price.
Key Takeaways
- Long-term holders are not selling: SHIB’s Age Consumed metric has dropped significantly, indicating conviction.
- Exchange reserves are declining: Investors are moving SHIB off exchanges, reducing sell pressure.
- Momentum is neutral but support holds: SHIB maintains key levels, setting up for a potential rebound if buying returns.
Conclusion
Shiba Inu’s on-chain data highlights a phase of accumulation, with long-term holders remaining steady and exchange reserves gradually declining. While momentum indicators have cooled, SHIB’s ability to hold above support levels signals resilience. If accumulation continues and buying pressure returns, SHIB could be poised for a new upward move in the near future.
