700B+ SHIB Withdrawn from Exchanges as Whale Round-Trip Sparks Speculation
On-chain data shows more than 700 billion Shiba Inu (SHIB) tokens were withdrawn from centralized exchanges in recent days. CryptoQuant reported about 250 billion SHIB left exchanges after a quiet trading week, followed by an additional ~450 billion withdrawn on Monday, totaling over 700 billion. Arkham Intelligence flagged a notable whale round-trip: an unidentified wallet deposited then withdrew 61.6 billion SHIB through Coinbase (about $500,000). Despite the outflows, SHIB price moved only slightly — near $0.00000773, down ~0.33% in 24 hours. Large exchange withdrawals can reduce immediate sell pressure and may indicate long-term accumulation or increased holder confidence, but they are not definitive signals of a rally. Traders should monitor exchange reserves, whale on-chain behavior, order-book liquidity, derivatives open interest, and broader market drivers such as BTC and ETH to confirm directional conviction and manage risk.
Neutral
Large withdrawals of 700B+ SHIB from exchanges reduce immediate on-exchange supply, which can be bullish by lowering near-term sell pressure and indicating holder accumulation. The Arkham-reported round-trip (61.6B SHIB via Coinbase) adds nuance: it could signal an actual withdrawal to cold storage or a strategic move (including wash or deceptive flows). Price reaction so far is muted (minor dip), suggesting the market has not interpreted flows as a clear bullish catalyst. For short-term trading, this news is inconclusive: it may precede reduced liquidity and higher volatility if buyers re-enter, or it may be a neutral/false signal if the tokens are later redeposited. Key indicators traders should watch for confirmation are exchange reserve metrics (continued outflows), large wallet flows (sustained accumulation vs. re-deposits), order-book depth (slippage on buys/sells), and derivatives metrics (open interest and funding rates). If outflows persist alongside rising buy-side demand and falling exchange balances, the bias becomes bullish. If flows reverse or large holders deposit back to exchanges, the outlook turns neutral-to-bearish. Given the current data (big outflows but muted price), the prudent classification is neutral.