Shiba Inu, largest outflow this year... Supply pressure intensifies amid whale buying spree

▲ Shiba Inu (SHIB)/ChatGPT generated image

Shiba Inu (SHIB) is facing one of its strongest supply squeeze phases since 2026, as the decrease in circulating supply on exchanges continues. Over 374 billion SHIB have been withdrawn from exchanges in the past 7 days, indicating a reduction in the sellable supply in the market.

U.Today reported on May 11 (local time) that Shiba Inu is simultaneously experiencing increased demand and reduced supply amidst a recent bullish trend across the market. According to the article, based on recent data shared by the SHIB team on X (formerly Twitter), over 374 billion SHIB have been withdrawn from exchanges in the past 7 days.

The media outlet stated that the scale of this movement is one of the largest exchange outflows recorded by Shiba Inu since 2026. As a large volume of assets moved out of exchanges in a short period, it is considered one of the most prominent cases of supply pressure in the Shiba Inu market this year.

Following such massive purchases and withdrawals, Shiba Inu's exchange holdings have decreased to approximately 82.31 trillion SHIB, which is the lowest level this year. The rapid decrease in assets held on exchanges is interpreted as a trend where large holders and long-term investors are moving assets to private wallets for accumulation rather than preparing to sell.

Notably, the largest movement occurred on May 10. According to the article, a whale investor moved 134 billion SHIB from Binance to a private wallet. U.Today highlighted this as a sign of increased whale investor activity.

U.Today reported that Shiba Inu is once again attracting the interest of retail and institutional investors, coinciding with a recent reversal in market sentiment. Large exchange outflows and a decrease in exchange holdings are presented as indicators that Shiba Inu's market supply is rapidly tightening.

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