Shiba Inu rises as OKX moves 110.78 billion SHIB to hot wallet

  • Shiba Inu rose 3.92% to $0.00000563 as OKX transferred 110,779,994,032 SHIB to a hot wallet.
  • Exchange data recorded 242.46 billion SHIB entering platforms versus 105.4564 billion leaving, for a net inflow of roughly 137.008 billion tokens.
  • CryptoQuant separately reported approximately 144,869,700,000 SHIB of positive netflow on September 19, while analysts warned the rally could be short-lived.

Shiba Inu rose 3.92% to $0.00000563 and moved above $0.0000055 as OKX transferred 110,779,994,032 SHIB from its cold wallet to a hot wallet at 03:09 UTC, according to Arkham data. The tokens were worth roughly $615,000. Exchanges use hot wallets to support transactions such as customer withdrawals, so the transfer may reflect preparations for additional liquidity but does not establish that users intend to withdraw or sell. Exchange data showed 242.46 billion SHIB entering platforms and 105.4564 billion leaving them, producing a net inflow of roughly 137.008 billion tokens. A separate CryptoQuant reading reported approximately 144,869,700,000 SHIB of positive netflow on September 19, indicating that exchange inflows exceeded outflows despite the price recovery and potentially limiting the rally.

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