Key Highlights
- About 45 billion SHIB tokens were withdrawn from exchanges in the last 24 hours, showing investors are holding more long-term.
- Total exchange reserves are still high at around 80.8 trillion SHIB, so a lot of tokens are still available for trading.
- SHIB’s price is stabilizing near $0.0000061, and network activity is slightly improving.
Shiba Inu (SHIB) is showing signs that investors are starting to hold more of their tokens from centralized exchanges. As of March 16, 2026, the SHIB token saw a 10% jump in
According to blockchain metrics from Cryptoquant, about 45 billion SHIB tokens were withdrawn from trading platforms within the last 24 hours. This means fewer tokens are ready for quick trading, which often shows that investors want to keep their tokens for a longer time instead of selling them fast.
Large withdrawals after weeks of inflows
This comes after several weeks of a gradual increase in exchange reserves. During this period, traders were sending more tokens to exchanges because of the uncertainty of the market.
Now, this recent flow shows that some holders are moving their tokens to private wallets or other storage solutions for longer-term holding. But even with the withdrawal, the total SHIB on exchanges is still very high, around 80.8 trillion tokens, so the market still has plenty of supply available for trading.
SHIB price holds steady after early downtrend
At the same time, Shiba Inu’s price itself has started to stabilize after a period of sharp decline. Last month, the token fell from a low range of $0.0000055 to $0.0000060.
However, its price started to recover recently after gaining about 15%, with the price rebounding from $0.0000054 on March 9, 2026, to $0.0000063 on March 16, 2026. At the time of this writing, SHIB is trading for $0.0000061, up 4.92% in the last 24 hours after a 10% surge to $0.0000064 during early trading hours.
In addition, trading activity is up by 111% today, reaching about $173 million in volume, while its market cap sits at $3.6 billion.
On the weekly chart, SHIB remains below a key resistance level that dates back to September 2021.
A solid candle break above this level could confirm a long-term rally, which could push the price up to the next resistance level, which sits at $0.00001013. This is about a 65% increase from the current price. However, failing to hold the current level could result in a more significant downtrend for the token.
In addition, current price action shows SHIB is approaching resistance at its 20-day exponential moving average. If the token moves above this level, it could attempt a recovery towards the 50-day exponential moving average, which remains a key barrier.
Also Read: Pepe Coin Bounces Back: 23% Weekly Gain, But Is the Frog Out of Danger?
