While most of the market watches Shiba Inu bleed out, the big players are doing something different. They’re buying. And the on-chain data doesn’t lie.
Over the past four days, net outflows from exchanges totaled 443.2 billion SHIB. That started immediately after the price hit a local bottom at $0.00000415 on June 25, with the daily RSI screaming oversold at 21.84. In the first 24 hours alone, 158.35 billion SHIB left exchanges — a clear sign that larger holders were repositioning rather than panicking.
What makes this interesting is that the outflows continued even as the price kept sliding on June 27. That’s not the behavior of weak hands throwing in the towel. That’s accumulation.
According to CryptoQuant data, netflow bars stayed firmly in negative territory throughout the period. Each dip triggered another wave of limit buying. The total has since climbed past 443 billion tokens.
None of this guarantees a price reversal — oversold can stay oversold when sentiment is this poor. But when whales pull nine-figure token amounts off exchanges during a dump, it’s worth paying attention. Somebody thinks the current price is a discount.
