SHIB Reserves Hit 61.8T Amid Mixed Signals of Selling Pressure and Accumulation

Gate News message, April 25 — Shiba Inu's on-chain metrics reveal diverging market forces as a major CEX's SHIB reserves climbed to 61.8 trillion tokens, while simultaneously around 86 billion SHIB moved out of exchanges. Data from CryptoQuant shows the reserve increase began around mid-March and continued steadily. Higher exchange reserves are typically associated with preparation for potential sell-offs, yet the concurrent outflow suggests some investors are accumulating for long-term holding.

Between April 19 and April 22, SHIB added over 10,000 new wallet holders, according to Etherscan data. This growth period aligned with a weekly gain exceeding 7%, indicating sustained retail demand. The price of SHIB stood at $0.000006241 at press time, up 1.39% in the last 24 hours. The divergence between rising exchange reserves and wallet growth reflects mixed sentiment—some market participants prepare for exits while others continue accumulation.

SHIB's inclusion in a major crypto index ETF has expanded its exposure to institutional investors and improved accessibility for asset managers. This development strengthens the token's credibility within traditional financial markets and may attract new capital flows over time.