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Shiba Inu recorded a sharp jump in exchange inflows, as nearly 699.3 billion SHIB moved onto trading platforms in a single day. The move came as the token hovered near local lows and traded under pressure after a break below a rising support line.
On-chain data showed that SHIB’s Exchange Inflow (Total) reached about 699.3 billion tokens, the highest single-day inflow in the previous 30 days. The figure was also far above the average daily inflows seen through May.
The timing mattered. SHIB had just broken a multi-month support line that had held since March. Selling pressure then pushed the token toward the $0.0000052 to $0.0000053 range.
Large transfers to exchanges often point to selling plans. Even so, inflows do not always lead to more weakness. Traders also move assets when they expect higher volatility or rotate positions.
Broader exchange data still showed a market leaning toward sellers. Exchange reserves climbed toward 80.5 trillion SHIB, while total exchange inflows stayed above 631 billion tokens.
Higher reserves usually mean more tokens are ready for instant trading. That often reduces scarcity and can add pressure on price.
SHIB also remained below its key moving averages. The 50-day and 100-day lines kept acting as resistance, while the 200-day average stayed well above the current price.
Momentum indicators moved close to oversold levels. That left room for a short relief bounce, although the broader trend still pointed lower.
At the same time, Kalshi sought U.S. approval to trade perpetual futures tied to XRP and Shiba Inu. The Crypto Basic reported that Kalshi submitted multiple crypto perpetual contracts to the CFTC through self-certification.
The filing also covered Solana, Stellar, Ethereum, and Dogecoin. Still, SHIB and XRP drew the most attention as both tokens have active investor bases.
For SHIB, the contract tracks the spot price in dollar terms through the CF Shiba Inu-Dollar Spot Rate. Kalshi set the contract size at 1,000,000 SHIB and quoted prices in dollars per SHIB.
Read More: SHIB Holds Key Support as Exchange Supply Falls to 2026 Low
The structure includes 24-hour trading, 365 days a year, with no expiry. Kalshi also set an 8-hour funding rate system and a $5 million position accountability limit.
The XRP contract follows a similar design. It tracks the CME CF XRP-Dollar Real Time Index, carries a 1 XRP contract size, and uses the same $5 million position limit.
The products remain certified on the CFTC website, but they still need approval before trading can begin. The CFTC said it would review such products on a case-by-case basis and noted that not all asset classes suit perpetual futures.
Shiba Inu recorded its largest exchange inflow in a month, with nearly 699.3 billion SHIB moving to trading platforms as price pressure persisted. At the same time, Kalshi filed SHIB and XRP perpetual futures contracts with the CFTC. Market participants now await both supply absorption and regulatory decisions that could influence future trading activity.
