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Markets · Explained

Shiba Inu exchange outflows cool as netflows turn positive

On-chain data shows roughly 153 billion SHIB flowing back onto exchanges, ending the largest withdrawal streak of 2026.

CoinDesk CC AI Desk
· 3 min read
✓ 1 SOURCE CHECKED
Shiba Inu exchange outflows cool as netflows turn positive
Image: U.Today

Key takeaways

  1. Netflow flip. Roughly 153 billion more SHIB moved onto exchanges than off them, reversing the prior withdrawal trend.
  2. Outflows persist. About 220 billion SHIB still left exchanges over the past seven days, so withdrawals have slowed rather than stopped.
  3. Technical picture. SHIB trades below its major moving averages and has broken an ascending support trendline, with momentum weak.

What happened

Shiba Inu's exchange flows have shifted direction, according to on-chain data reported by U.Today. Roughly 429 billion SHIB moved onto exchanges while about 276 billion were withdrawn, producing a positive netflow of approximately 153 billion tokens. That reversal brings an end to what the report describes as the largest outflow streak of 2026, a trend tied to the recent Binance hack and closed withdrawals.

Even so, withdrawals have not stopped. U.Today reports an outflow spike of around 220 billion tokens over the past seven days, indicating that holders are still moving coins off trading venues even as deposits have picked up.

Exchange reserves currently stand at about 85 trillion SHIB, a level the report calls normal for the token in recent years. At current prices, all SHIB held on exchanges is worth roughly $400 million.

The flow data arrives as SHIB trades near $0.00000465 on the daily timeframe, below its major moving averages and under an ascending support trendline that has now been broken, according to U.Today.

$0.00000588$0.000004575 Oct4 Nov

First $0.00000588Latest $0.00000478-18.7% over the period

Points are daily observations, not closing prices.

What the data shows

The key figures from the U.Today report are approximately 429 billion SHIB in exchange inflows, 276 billion in outflows, a net positive flow of about 153 billion tokens, a seven-day outflow spike of around 220 billion, reserves of roughly 85 trillion SHIB, and an on-exchange value of about $400 million. On the technical side, the report cites a price near $0.00000465, a resistance zone of $0.0000050 to $0.0000052, a longer-term moving average near $0.0000055 as the level needed to flip the medium- to long-term trend, and an RSI sitting in the lower part of its range.

Background

The outflow streak coincided with disruption at Binance, which the report links to the withdrawal trend now fading. Separately, Finbold notes that SHIB has slipped to 31st place by market capitalization, at around $2.74 billion, after a late-summer rally faded into another decline. Finbold also cites a February survey of 19 crypto experts by Finder that projected an average price of $0.00002 for the start of 2027, a forecast that looks optimistic given this year's price action. Ruadhan O of Seasonal Tokens, the most bearish panelist in that survey, expected $0.000007 by the end of 2026, arguing that SHIB's chart shows a long downtrend punctuated by hype-driven peaks of diminishing intensity. Arthur Azizov of B2BINPAY said the token trades on headlines and attention rather than technological fundamentals.

What to watch

Traders will be watching whether the positive netflow persists or reverses again, and whether exchange reserves keep climbing. On the chart, the $0.0000050 to $0.0000052 zone is the immediate resistance, with the moving average near $0.0000055 framed as the level needed to change the broader trend. The report says a reversal is not confirmed until volume reaches adequate levels, and that buyers would need substantial volume and a push above $0.000005 to regain control. Finbold's coverage adds a nearer support level of $0.000004764 identified by analyst Giannis Andreou, with potential rebound targets at $0.000006248 and $0.000006687 if that support holds.

Questions readers ask

What does a positive SHIB exchange netflow mean?

It means more SHIB was deposited onto exchanges than withdrawn over the period. Deposits are often viewed as a potential precursor to selling, though the report notes they do not automatically create selling pressure.

How much SHIB is held on exchanges?

Exchange reserves are around 85 trillion SHIB, worth approximately $400 million at current prices, a level described as normal for recent years.

Has the SHIB outflow trend ended?

Netflows have turned positive, ending the biggest outflow streak of 2026, but withdrawals remain heavy at roughly 220 billion tokens over the past seven days.

Sources · 1 publisher

  1. U.Today TIER 2
    220 Billion Shiba Inu (SHIB): Result of the Biggest Outflow Streak in 2026