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Shiba Inu drew a net 92.07 billion tokens onto cryptocurrency exchanges in 24 hours, according to CryptoQuant data reported by Cointribune, yet the meme coin’s price stayed under pressure at about $0.00000489. The headline token count is far larger than its economic weight: the inflow was worth nearly $450,000 and equalled roughly 0.11% of the SHIB sitting on trading platforms.
U.Today reported the same netflow figure of 92.0678 billion SHIB, describing it as a 0.77% rise over the prior 24 hours. Deposits reached 324.281 billion tokens, up 1%, while withdrawals came to 232.2131 billion, up 1.13%. A positive netflow means more tokens arrived than left, which raises the supply available to sell, though it does not by itself prove any sale took place.
Also read: Altcoin exchange deposits hit 78,000 weekly, up 160% in 14 days
Key facts
- Net exchange inflow: 92.07 billion SHIB in 24 hours, against deposits of 324.28 billion and withdrawals of 232.21 billion, per CryptoQuant.
- Exchange reserves: about 86.25 trillion SHIB, so the netflow was roughly 0.11% of holdings; their dollar value fell 2.9% to about $418.32 million.
- Price: SHIB traded around $0.00000489, failing to hold gains above $0.0000052 after an early-October push toward $0.000006.
- Prior flow: on October 23, net inflows had already reached about 77.3 billion tokens.
- Earlier reversal: nearly 95.68 billion SHIB left the platforms in a single session a few days before, reported by Cointribune.
Why the numbers look bigger than they are
Because SHIB trades at a fraction of a cent, a few hundred thousand dollars of transfers shows up as tens of billions of tokens. Cointribune notes that the quantity of SHIB on exchanges rose by only 0.11% while the dollar value of those reserves dropped 2.9% — a divergence that points to weaker valuations rather than a flood of new supply.
The real constraint is on the demand side. SHIB was rejected on an approach toward $0.000006 and now trades below several major moving averages. The relative strength index sits under the neutral 50 level, which both outlets read as confirmation that buyers lack momentum, not as a signal of an imminent fall. The $0.0000050 level is a first psychological resistance, with a harder band between $0.0000054 and $0.0000056.
Recurring deposits matter more than one day
Neither outlet treats the single 24-hour print as decisive on its own. Cointribune points to the October 23 inflow of about 77.3 billion tokens as evidence of a pattern, and argues that several consecutive days of deposits would gradually build the supply available for sale. Flow data also swings quickly: the 95.68 billion SHIB exit a few days earlier could have been read as accumulation, yet it did not reverse the price trend.
Exchange wallets moving funds between hot and cold storage, users transferring tokens without intent to sell, and differences in how data providers tag addresses all blur the daily signal.
Why it matters
For holders, the takeaway is that exchange-flow headlines are a poor proxy for selling pressure when the asset’s unit price is so low. The 92 billion tokens add tradable supply at the margin, but Cointribune concludes their weight is too small to explain the drop alone. The reports agree on the direction — supply rising while demand lags — and on the level that would make the signal meaningful: three elements moving together, namely sustained growth in reserves, several days of net inflows and a break of support.
What to watch
The first support sits near $0.0000048; a sustained break could expose $0.0000044, while a move back above $0.0000052 on higher volumes would weaken the case built from exchange inflows. Consecutive days of CryptoQuant netflow data will show whether the deposits are one-off repositioning or a trend.
This is not financial advice; cryptocurrency markets are volatile and price levels can change quickly.
Reported by Cointribune.
Sources: Cointribune, U.Today