Can Shiba Inu’s 200B token outflow help SHIB reclaim $0.000015?

Key Takeaways

Shiba Inu’s on-chain metrics point to quiet accumulation, with long-term holders unmoved and exchange reserves dropping slightly. Although momentum indicators are cooling, SHIB continues to hold key support levels, hinting at a potential rebound if buying pressure returns.

Shiba Inu [SHIB] is entering an unusually quiet phase.

On-chain activity is muted, exchange reserves are slowly dropping, and long-term holders appear unfazed by the recent price volatility.

With older tokens dormant and fewer coins sitting on exchanges, could this cause a price rebound?

Dormant tokens signal conviction

According to Santiment, SHIB’s Age Consumed metric has plunged by 99.7% since mid-June, falling from to just $4.7 trillion.

This drastic decline suggests that long-term holders are choosing to sit still rather than sell into recent rallies.

SHIB’s previous price tops in May and early June coincided with sharp spikes in age consumed. But in July, despite the price touching $0.000015, older wallets remained inactive.

This behavior points to growing conviction among holders and reduces the risk of a sharp dump from legacy investors.

Exchange outflows hint at cooling sell pressure

Alongside dormant older tokens, SHIB also saw a steady drawdown in exchange-held supply.

From the 22nd of July to the 25th, Exchange Reserve dropped from 84.55 trillion to 84.35 trillion – a net outflow of 200 billion SHIB in just three days. At press time, it staged a mild recovery to 84.4 trillion.

Though modest, this move indicates that some investors are pulling tokens off centralized exchanges, possibly into self-custody.

Usually, such withdrawals reduce short-term selling pressure and often precede periods of price stabilization or slow accumulation.

Combined with whale activity – like the recent 2.58 billion SHIB addition – this shift may be laying the groundwork for SHIB’s next price leg.

Momentum cools, but SHIB holds steady above key levels

After briefly rallying above $0.000015, the memecoin faced a sharp pullback but has since stabilized near the $0.000014 mark, at press time.

The RSI sat at 55.88, showing neutral momentum – neither overbought nor oversold.

Meanwhile, the MACD indicator showed a weakening bullish crossover, hinting at a slowdown in upside momentum.

Still, SHIB’s price has managed to hold above its July support, a sign of resilience despite profit-taking.

SHIB may be setting up for a more sustainable move… if buyers return with conviction in the days ahead.