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Shiba Inu re-enters crypto top 30 as whales withdraw 781B tokens, cutting supply on exchanges.

Technical Signals
29 Jun 2026
UToday
View Source
Bullish
pluang ai news

Shiba Inu (SHIB) has climbed back into the top 30 cryptocurrencies by market cap, reaching $2.48 billion, after large investors withdrew 781 billion SHIB tokens from exchanges between June 25-29, reducing available supply. This move stopped panic selling and created a supply squeeze, stabilizing SHIB's price despite a recent downtrend. The token now trades in a tight range, with future price moves depending on broader market sentiment and retail investor activity. Whales' actions have set the stage for a potential price surge if positive signals emerge from Bitcoin or the wider market.

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