Shiba Inu Reclaims Top 30 Spot Amid Exchange Reserve Plunge

Shiba Inu (SHIB) has managed to regain its spot in the top 30 strongest cryptocurrencies, pushing out other competitors. This comeback is largely attributed to coordinated buying by large-capital investors who successfully stopped panic selling and moved the market into a phase of quiet accumulation.

The current data from CoinMarketCap shows that SHIB has reclaimed the 30th spot with a market capitalization of $2.48 billion, matching its main pursuer Cronos (CRO) and overtaking Tether's tokenized gold, XAUt. The total exchange reserves of SHIB have dropped from 87.96 trillion to 87.18 trillion tokens, absorbing the recent seller overhang.

According to CryptoQuant, a net outflow of 781.227 billion SHIB was recorded in just four days, from June 25 to June 29, which fully blocked the decline and secured minimal percentage gains needed to return to the top 30. Large players placed a dense limit wall at the $0.00000414 level, stopping the token's decline, which stood at -10.27% for the week.

The price of SHIB remains tightly trapped in a narrow horizontal range between support at $0.00000414 and local resistance around $0.00000430. The further fate of this sideways structure depends on broader market sentiment and the inflow of speculative retail volume, which remains modest at $59.93 million.