Shiba Inu exchange supply reaches 86 trillion SHIB, U.Today reports
In brief
- SHIB exchange supply reached 86 trillion tokens, U.Today says.
- Mean exchange inflows rose 606% on the 7-day moving average, the outlet reported.
- SHIB netflow was positive at 42 billion tokens over 24 hours, per U.Today.
- SHIB has lost more than 28% since early October, U.Today said.
- U.Today didn't name the data provider behind its figures.
What the exchange data shows
Overall netflow was positive at 42 billion SHIB over 24 hours, according to U.Today. The outlet said all exchange-inflow metrics were in green, which it read as a large inflow of funds from investors.
It's worth being precise about what that means. Inflow data tracks tokens moving onto exchanges (it doesn't tell you who sent them, or whether anything's actually been sold).
U.Today's interpretation goes further. The outlet called the netflow trend bearish and said it reflected steady, gradual selling, adding that positive netflows mean liquidity is flowing into exchanges and putting pressure on the price.
"Even if not sold immediately, supply sitting on exchanges is usually destined to be sold at some point in time." (U.Today)
Price and momentum
SHIB's RSI has been moving sideways around 30, which U.Today read as a sign the current trend would continue. Trading volume was described as somewhat flat, and the outlet said liquidity clusters sit at price levels SHIB hasn't reached yet.
U.Today also said the price could fall further.
That's the outlet's analysis, not ours, and it isn't a forecast from this desk.
A familiar pattern
A large share of SHIB supply has historically sat on centralized exchanges. According to U.Today, almost every SHIB rally since 2023 was followed by a surge in inflows and sell-side volume, which is the backdrop for this week's 86 trillion reading.
Why does the figure matter? U.Today's argument is that supply held on exchanges usually gets sold eventually, even if it doesn't happen right away. The raw numbers (86 trillion on exchanges, 42 billion in daily netflow, a 606% jump in mean inflows) show tokens moving onto trading venues. What holders do with them next is a separate question the data can't answer.
Frequently asked questions
How much SHIB is sitting on exchanges right now?
According to U.Today, Shiba Inu's available supply on exchanges rose past the 85 trillion level and reached 86 trillion SHIB. The outlet also reported positive netflow of 42 billion SHIB over 24 hours. U.Today didn't name the data provider behind the figures.
Why does U.Today see SHIB exchange inflows as bearish?
U.Today said positive netflows mean liquidity is flowing into exchanges and putting pressure on the price. It also said supply held on exchanges is usually sold eventually, even if not right away. The inflow data itself only shows tokens moving onto exchanges.
