Shiba Inu exchange reserves surged by 1.04 trillion SHIB in 24 hours as whale selling pressure mounted

Exchange reserves climb sharply

According to data from CryptoQuant, the exchange reserve indicator—which tracks the total amount of SHIB held in exchange wallets—jumped sharply within just a few days to reach 80.5 trillion SHIB. CryptoQuant is a prominent analytics provider known for offering data on on-chain market metrics, including flows in and out of exchanges.

CryptoQuant data reveals that the SHIB reserve on exchanges soared to 80.5 trillion within days, signaling a return of supply to the sell side.

This expansion in exchange-available supply quickly made itself felt on SHIB’s price. The token pulled back towards its local level around $0.0000044, forcing buyers—who had lately been optimistic—to shift their focus toward defending key support points. As the end of June 2026 draws near, this scenario has also ramped up pressure surrounding the second-quarter close.

Positive net inflow points to mounting sell pressure

Recent capital flows suggest that short-term caution is building among some investors. Up until now, the prevailing approach for SHIB had seen tokens withdrawn to cold wallets, a tactic that typically limits selling pressure. This dynamic had created a perception of tightening supply on the market.

But in the past 24 hours, that picture reversed. Current Netflow data shows net daily inflows to exchanges turned positive, amounting to 749.8 billion SHIB. This indicator is calculated by subtracting token withdrawals from deposits and is widely seen as a key measure of shifting sentiment.

Mini Glossary: Netflow measures the difference between the amount of an asset moved into and out of exchanges. A positive Netflow generally indicates more assets are being sent to exchanges, often preceding selling activity.

1.04 trillion SHIB sent to exchanges in a day

The scale of the new selling trend becomes even clearer in gross inflow figures. Investors transferred about 1.04 trillion SHIB to exchange addresses in the past 24 hours alone. This amount is roughly 6.5 times the previous day’s transfer volume. Data suggests that many large wallets acted in the same direction within this short window.

The simultaneous increase in exchange reserves and the fall in price are generally seen as a negative sign in spot markets. This backdrop suggests not accumulation but distribution, meaning selling activities are taking precedence. On-chain analysis indicates that big players are moving their Shiba Inu holdings to exchanges, not for long-term storage, but for possible short-term trades or sales.

Short-term defense likely to dominate

If selling pressure persists, the upward momentum seen at the end of June may struggle to turn into a sustained recovery. Extra sell-side volume on the market may limit SHIB’s efforts to regain earlier price levels for several weeks. Current data shows that, in the short run, defensive actions are taking precedence over new buying initiatives for SHIB.