Shiba Inu price eyes float squeeze as 29m SHIB exits exchanges in 24 hours

SHIB price is still capped by resistance, but a 29m token outflow, rising active addresses and “fear” sentiment hint at a quieter accumulation phase.

Shiba Inu (SHIB) holders are pulling tokens off exchanges at a steady clip, quietly setting up a tighter float just as the broader market grinds through a cautious range. In the past 24 hours, 29,169,846 SHIB have left centralized venues, a small but targeted rotation that aligns with a modest pickup in on-chain activity and a market still trading in “fear.”

On-chain exodus and supply squeeze

“According to The Crypto Basic, 29,169,846 SHIB tokens vanished from exchanges in 24 hours,” KuCoin’s latest flash update notes, adding that exchange reserves fell from 82,066,732,850,077 SHIB to 82,066,703,680,231 SHIB over the period. Over the same window, about 256 billion SHIB flowed out of exchanges versus roughly 183.5 billion SHIB flowing in, confirming that “withdrawals far outpaced deposits.” The report stresses that this pattern “often reflects a preference among holders to store assets securely rather than prepare them for sale,” reducing immediate sell pressure and laying groundwork for sharper upside if demand returns.

Network activity and price context

On-chain metrics back that accumulation story. Active SHIB addresses have risen 0.83% to 195, with active receiving addresses up 1% to 131 and total transactions reaching 5,863, numbers KuCoin says “show signs of life in the Shiba Inu ecosystem” despite the absence of a breakout on the chart. Even so, SHIB continues to trade under key resistance, with recent technical commentary warning that failure to regain its range could leave the token vulnerable to “a steeper correction” if macro conditions deteriorate.

Majors over the last 24 hours

The majors set the backdrop, and they look more cautious than euphoric. Bitcoin is hovering around $88,400, roughly flat to slightly higher in the last 24 hours as it chops below the $90,000 area that has repeatedly capped rallies. Ethereum changes hands near $2,911, up about 0.7% on the day, with a 24‑hour range that has seen dips toward support before snapping back. XRP trades around $1.885, BNB near $883, and Solana about $123.65, all posting gains of roughly 0.1–1.4% in that same period.

KuCoin’s daily market report sums up the mood bluntly: sentiment has improved only from “Extreme Fear” to “Fear,” and “no clear expansion in risk appetite toward higher‑beta assets” has yet emerged. Against that backdrop, SHIB’s quiet drift into self‑custody looks less like a late‑cycle blow‑off and more like disciplined position‑building while the market waits for its next macro cue.