Shiba Inu ($SHIB) is experiencing an unusually low level of exchange inflows, indicating that holders are restraining selling despite a persistent downtrend in the token’s price chart.
On‑Chain Activity Overview
Current on‑chain metrics reveal that only seven distinct exchange‑depositing addresses are active, a figure derived from a moving average rather than a precise count of wallets. This limited number suggests minimal distribution pressure on the market, even as the token continues to trade below recent highs.
Over the past 24 hours, the volume of tokens moving into exchanges fell by more than 69%, underscoring the reduced appetite for immediate sales. At the same time, modest rises in active, sending, and receiving addresses signal that overall blockchain activity remains steady rather than collapsing.
Price and Momentum Outlook
After breaking down from a multi‑month ascending pattern, $SHIB has begun to claw back from local lows near the $0.0000045 level, showing a tentative recovery in price. The token’s momentum indicators, including the Relative Strength Index, have risen out of oversold territory, hinting that bearish pressure may be easing.
Investors monitoring the blockchain now watch for further RSI improvement and sustained buying pressure as potential catalysts for a broader market bounce. Continued stability in on‑chain activity could provide the foundation needed for the token to regain lost ground.