Large holders of Shiba Inu (SHIB) moved 174.8 billion tokens off exchanges, according to CryptoQuant data. This withdrawal suggests major wallets view current prices as a potential entry point for the next upward move. The token has been in decline for over a year.
Whale wallets control a majority of SHIB tokens and their movements have often dictated the coin’s trajectory. Movement of coins away from exchanges is often considered bullish as the chances of them being sold goes down.
The latest accumulation aligns with Shiba Inu’s price seeing some gains in daily and 14-day charts. The whales may have reacted to a dip in US inflation figures which has led to a spike in investor confidence.
The Consumer Price Index fell by 0.4% in June, the largest single-month dip in more than six years. This development has reinforced the anticipation of interest rates remaining unchanged.
Shiba Inu has struggled to gain steam for more than a year. The asset climbed to $0.00003 in December 2024 but has been on a downward trajectory ever since.
SHIB even failed to recover when Bitcoin climbed to a new all-time high of $126,080 in October 2025. The latest rally may have brought some hope to investors, but the asset is far from recovered.
There are headwinds that may prevent the rally from sustaining itself. The US-Iran war, in particular, could pose a challenge as oil prices are already rising.
Rising oil prices could impact inflation figures for July 2026. If inflation rises again, the Federal Reserve could decide to raise interest rates, and Shiba Inu could suffer under such circumstances.
