Shiba Inu exchange inflows top 800 million SHIB as breakout remains elusive

  • Shiba Inu recorded about 835 million SHIB in exchange inflows over 24 hours.
  • Exchange inflows exceeded outflows by 112.71 billion SHIB, producing positive netflow.
  • SHIB trades near $0.00000537 after repeated failures above $0.00000550.

Shiba Inu saw about 835 million SHIB flow into exchanges within 24 hours, breaking the 800 million-token threshold, while its average exchange inflow rose 0.97% to roughly 818.3 million SHIB. Aggregate flows were more cautious: exchanges received 287.59 billion SHIB versus outflows of 174.88 billion, leaving netflow positive by about 112.71 billion SHIB. Positive exchange netflow, meaning more tokens entering than leaving exchange wallets, increases immediately tradable supply, though it does not mean the tokens will be sold immediately. Large holders were prominent, with the 10 largest inflow transactions moving 5.67 billion SHIB, compared with 1.95 billion in the 10 largest outflows. However, the seven-day moving average of mean exchange inflows has fallen 36.54%, suggesting the latest rise may be a short-term revival rather than a sustained acceleration in deposits. SHIB is trading around $0.00000537, above shorter-term moving averages clustered between $0.00000500 and $0.00000520, but repeated attempts to move above $0.00000550 have failed. The declining long-term moving average at roughly $0.00000560-$0.00000570 remains the main hurdle, while the next significant resistance zone is $0.00000590-$0.00000620.

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