Whales withdrew approximately 20 billion SHIB from major exchanges within 24 hours.
SHIB traded near $0.00000445, extending losses across daily, weekly, and monthly periods.
Exchange outflows may reduce selling pressure but do not guarantee a price recovery.
Shiba Inu is experiencing more selling pressure despite a notable shift in whale activity. Large holders withdrew approximately 20 billion SHIB from major exchanges within 24 hours. The withdrawals suggest some investors prefer holding tokens outside trading platforms. However, SHIB continues struggling near yearly lows. The latest price action raises questions about demand, selling pressure, and potential recovery. Can whale accumulation help SHIB regain momentum?
https://twitter.com/36Crypto1/status/2119454728555835741?a=kgvNhYZlOy1NxZ9SYFo&s=19 SHIB Price Hits Lowest Level Since August
Shiba Inu traded around $0.00000445 on Sunday evening, November 8, 2026. The token briefly slipped to $0.00000442 on Kraken. That marked the lowest price since August 19. The decline also pushed SHIB below Thursday's low of $0.00000444. CoinGecko data showed a 0.5% daily decline. SHIB also lost 5% over seven days. Monthly losses reached approximately 17.6%. These figures highlight the continued weakness across the meme coin market.
Bitcoin showed greater resilience during the same period. BTC traded near $75,700 on Sunday evening. However, Bitcoin's monthly decline stood at approximately 7.9%. SHIB therefore lost more than twice as much value. The difference becomes clearer when comparing previous price levels. SHIB reached approximately $0.00000604 on October 5. The latest price represents a decline of roughly 26%. Compared with November 2025, the losses become even larger.
SHIB previously traded near $0.00000996 during that period. The token has since surrendered approximately 55% of that value. Trading activity also remained relatively quiet throughout Sunday. Kraken recorded slightly more than 40 billion SHIB traded against USD. Thursday's market selloff produced almost 87 billion tokens. Trading volume reached 199 billion SHIB on October 30.
Whales Withdraw 20 Billion SHIB From Exchanges
Despite the price weakness, exchange flows revealed an interesting development. CryptoQuant data showed approximately 20 billion SHIB leaving major trading platforms. The ten largest addresses transferred just over two billion SHIB into exchanges. Their withdrawals considerably exceeded those deposits. This development could reduce immediate selling pressure. Tokens leaving exchanges often suggest holders prefer private custody.
Some investors may also plan to hold rather than sell. However, exchange outflows do not automatically confirm bullish sentiment. The dollar value also provides important context. Twenty billion SHIB represents roughly $89,000 at current prices. That amount remains relatively modest for a cryptocurrency market. Therefore, investors should avoid treating the withdrawal figure as overwhelming buying pressure.
The latest movement still deserves attention. Continued withdrawals could reduce the available exchange supply. Stronger demand would then support a potential recovery. However, SHIB needs sustained buying interest to reverse the current downtrend. For now, investors should watch exchange flows and trading volume. Price stability around recent lows could also provide useful signals. A recovery needs stronger participation from buyers.