Shiba Inu exchange reserves hold near 87.83 trillion SHIB as netflow turns positive
In brief
- About 20 billion SHIB appears to be the latest 24-hour net exchange balance, U.Today said.
- U.Today's own inflow and outflow figures imply a net of about 173.5 billion SHIB.
- Neither figure describes a token burn; both measure exchange flows.
- Exchange reserves sat near 87.83 trillion SHIB, a 0.2% change over 24 hours.
- Positive netflow can't be read as outright accumulation, U.Today said.
What the exchange data shows
U.Today reported total exchange inflows of about 623.3 billion SHIB against outflows of roughly 449.8 billion SHIB. It didn't name the data provider behind those figures. Taken at face value, they imply a net inflow of about 173.5 billion SHIB, which lines up with the 0.2% change U.Today reported on reserves of roughly 87.83 trillion SHIB.
The two numbers don't match.
U.Today said only around 20 billion SHIB appears to represent the latest net exchange balance, and it didn't explain how that figure squares with its own inflow and outflow data. The outlet described the market as active, but said there's no large accumulation of SHIB on trading platforms. Its netflow reading is positive, and it was careful about what that means (exchange deposits are generally watched as a possible source of near-term selling liquidity).
Netflow is already positive, so the current data cannot be interpreted as outright accumulation.
U.Today's technical read
According to U.Today's analysis, SHIB bottomed around $0.0000041 in July, then formed higher lows and eventually pushed through $0.0000055. The latest rally briefly took the token above $0.0000062 before volatility returned.
The outlet said SHIB was trading above its major long-term moving average around $0.0000056–$0.0000057, a level that had previously acted as resistance. It put the daily RSI in the low 60s. That's below conventional overbought territory, by U.Today's reading.
Levels and risks U.Today flagged
U.Today identified immediate resistance around $0.0000060–$0.0000063. A break there, it said, could reopen a path toward the May trading area of roughly $0.0000065–$0.0000067. These are the outlet's levels; LeoDex News isn't making a price call.
The main risk, per U.Today, is renewed exchange deposits. It's the same question the flow data raises: reserves have barely moved, netflow is positive, and the outlet won't call it accumulation.
Frequently asked questions
Were 20 billion SHIB actually burned?
No. U.Today said about 20 billion SHIB appears to represent the latest net exchange balance over the 24-hour period it covered, which measures tokens moving onto and off exchanges, not tokens removed from supply. The outlet's own figures (inflows of about 623.3 billion and outflows of about 449.8 billion) imply a larger net inflow of about 173.5 billion SHIB.
Why do SHIB exchange deposits matter?
Exchange deposits are generally watched as a possible source of near-term selling liquidity. U.Today named renewed exchange deposits as the main risk for SHIB and said positive netflow couldn't be read as outright accumulation.
