Over the past 24 hours, more than 835 billion Shiba Inu tokens have moved in and out of exchanges, with accumulation and repositioning by large holders gaining pace again.

U.Today, a blockchain media outlet, reported on Monday that recent Shiba Inu on-chain data showed large wallets actively adjusting exposure around a recent price breakout zone.

Exchange indicators showed that more than 771 billion SHIB left exchanges over the period, while inflows topped 1.29 trillion tokens. Net exchange flow was about 512 billion SHIB. With both inflows and outflows remaining high, large funds are moving quickly between exchanges and private wallets. Such a pattern often appears with repositioning of holdings rather than simple selling.

Exchange holdings also edged up. Shiba Inu exchange reserves increased to about 86.8 trillion SHIB. That suggests new deposits continue to enter the market even as withdrawals remain large.

Network participation did not drop sharply. Active addresses and active receiving addresses both rose gradually, suggesting user activity has held up after the recent surge.

Price action has entered a technically important crossroads. Shiba Inu rose to $0.00000503 near the 100-day exponential moving average after breaking above the 26-day and 50-day exponential moving averages on July 26, but it quickly met resistance. Selling then pushed the price back below, forming a long upper wick. The market sees this as a signal of aggressive profit-taking.

Still, it is too early to say the short-term trend has fully turned down. Even after the drop, Shiba Inu is trading above the 26-day and 50-day exponential moving averages, maintaining the improved bullish trend set by the initial surge. The first support zone is currently between $0.00000445 and $0.00000448. The key is that the broader recovery is not damaged if buying holds this range.

The next point to watch is whether it regains the 100-day exponential moving average. If Shiba Inu climbs back above it on a daily closing basis, that could offer a clue as to whether the recent large-scale movement was accumulation. If the short-term moving average support breaks, the current large transfers are more likely to be interpreted as distributed selling.

Ultimately, the market is focusing on continued movement by large wallets even during the price correction. Large volumes are still moving on the Shiba Inu network, and whether it holds short-term support and regains the 100-day line is expected to be a turning point that determines the nature of whale funds.