Demand for Shiba Inu dogs continues despite a broader reversal in market sentiment that has seen the market turn in a series of bullish trends.
While it continues to gain momentum, the Shiba Inu is gaining renewed interest in the market, with demand from retail and institutional investors surging, and market supply becoming increasingly tight.
Over 374 billion $SHIB Scooped up in a week
According to recent data shared by $SHIB X teams totaling over 374 billion $SHIB Tokens were withdrawn from an exchange in the last 7 days.
Notably, this is one of the largest foreign exchange outflows recorded by Shiba Inu in 2026. The movement of so much money in such a short period of time means that this will be one of the biggest supply crunches for Shiba Inu in 2026.
The Shiba Inu is sparking renewed investor interest as prices continue to regain previous highs amid the recent market rally, increasing optimism for larger price moves in the near future.
Shiba Inu’s foreign exchange reserves reach the lowest level in 2026
Due to large purchases from owners, the Shiba Inu’s foreign exchange reserves have now decreased to about $82.31 trillion. $SHIB. This is the lowest level the company’s foreign exchange reserves have reached this year.
With such a rapid decline, Shiba Inu Relative to the supply held on exchanges, it appears that large holders and long-term investors are increasingly moving their tokens to private wallets for accumulation purposes rather than preparing them for sale.
The report said the biggest movement occurred on May 10, when one whale transferred $134 billion. $SHIB The shift from Binance to private wallets shows an increase in whale activity.
