Shiba Inu exchange reserve spikes as SHIB selloff fears rise
Shiba Inu exchange reserve spikes are stoking selloff fears in the meme-coin market. Traders say SHIB inflows to exchanges—especially Binance—have accelerated, with Binance exchange tokens reported at 61.8T, up sharply versus March. CryptoQuant-linked fund-flow analysis suggests these transfers often precede profit-taking rather than long-term self-custody.
SHIB is up 3.5% today and consolidating weekly gains, but the monthly momentum has slowed over the past two weeks as “whales” reassess exposure. DOGE followed a similar pattern, trading around $0.10 (+4.12% today). At the market level, meme-coin capitalization is cited at $37.7B, while trading volume fell below $4.1B.
The article ties the exchange inflow trend to broader risk appetite returning after perceived global stability tied to US–Iran negotiations. Still, analysts warn that Shiba Inu exchange reserve spikes could create overhead resistance against future bullish rallies. Meanwhile, BTC and ETH bulls are supported by exchange outflows, which are framed as signals of longer-term holding.
For traders, the key near-term signal is whether SHIB exchange inflows turn into actual spot selling; that could pressure meme-coin momentum even if the broader market remains firm.
Bearish
The report highlights Shiba Inu exchange reserve spikes and links exchange inflows to imminent profit-taking. Historically, large token transfers from whales/exchanges to centralized venues often precede sell pressure, especially in meme coins where holders tend to rotate out after gains. While SHIB is slightly up and BTC/ETH exchange outflows are supportive, the expected “overhead resistance” from rising SHIB on Binance can cap upside and raise volatility. In the short term, this increases the probability of a pullback or sideways-to-down action if deposits convert into spot selling. Longer term, if BTC-led risk appetite persists and exchange outflows for SHIB reverse, the bearish pressure could fade—but the near-term signal in this story is still selloff risk.