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Shiba Inu sees steady growth with token outflows from exchanges and rising wallet activity.

Protocol Fundamentals
06 May 2026
Zycrypto
View Source
Bullish
pluang ai news

Shiba Inu (SHIB) experienced modest gains of nearly 4% over the past week amid broader market selling pressure. On-chain data reveals a net outflow of about 131 billion SHIB from centralized exchanges, indicating a shift toward long-term holding as investors move tokens to private wallets. The network also added around 24,000 new wallets in a week, showing steady retail participation despite cooling early-week interest. Large holders maintain control of 61% of supply, suggesting stable whale positions while overall activity grows. Additionally, Shibarium's Layer 2 network has processed over 1 billion transactions, highlighting increasing adoption beyond SHIB's meme origins. Institutional interest may rise if T. Rowe Price's crypto ETF proposal including SHIB gains approval, signaling potential mainstream finance integration.

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