EL7.AI
Crypto•5 July 2026•
1 min read

SHIB Sentiment Turns Positive as Trading Activity Jumps 37%

Key Facts

1Trading activity for SHIB jumped over 37% on exchanges as demand picked up.
2Net outflows from exchanges exceeded inflows, suggesting a shift toward long-term holding.

Following weeks of downward pressure, Shiba Inu (SHIB) is experiencing a notable shift in market sentiment driven by a robust pickup in demand. According to reports, trading activity on exchanges has jumped by over 37%, while net outflows have exceeded inflows, signaling a trend where investors are moving tokens to private wallets for long-term holding.

This recovery arrives as meme coins attempt to regain momentum; SHIB had previously recorded a 22% monthly decline prior to this recent shift per market data. Compared to peers like Dogecoin (DOGE), analysts view the rise in exchange outflows as a bullish indicator that reduces immediate sell-side pressure, a pattern frequently observed in previous crypto rally cycles.

As broader markets await influential macroeconomic catalysts, such as the Chinese Manufacturing PMI scheduled for June 30, 2026, general risk appetite in the crypto sector may be swayed by these global economic signals.