SHIB Exchange Netflow Spikes to 77.3 Billion Tokens in 24 Hours

77.3 Billion SHIB Moves Onto Exchanges

Shiba Inu (SHIB) took in a net deposit of 77.3 billion tokens across centralized exchanges in the 24 hours to October 23, an on-chain reading that keeps sell-side pressure over the memecoin firmly in view. The figure comes from SHIB exchange-flow data published by analytics platform CryptoQuant, which puts the netflow balance at 77,298,600,000 SHIB after an increase of roughly 4% within the window. Exchange netflow measures the difference between tokens moved onto trading venues and tokens withdrawn from them; a positive balance means more SHIB arrived to be sold than left exchanges to be held. On this reading, the volume deposited for potential sale clearly outweighed withdrawals made for buying purposes, which points to sellers holding the upper hand in the short term. Deposits of this kind are watched closely because they typically precede realized selling, while withdrawals are usually read as accumulation intent. The build-up also suggests demand is on standby: with more tokens resting on order books ready for sale, buyers have so far declined to absorb the added supply. The latest balance sits above the 63.49 billion token net inflow recorded in an earlier reading, indicating the sell-side tilt strengthened rather than faded as the week closed. For a token that has spent much of the recent stretch in the red, the pattern fits the cautious tone across the broader altcoin segment rather than marking a reversal on its own.

SHIB Reclaims $0.0000051

The recovery to around $0.0000051 stands out against that flow picture. The Shiba Inu price flipped back into green territory on October 23 and reclaimed the local high it had lost during the recent slide, offering some relief to holders after a run of weak sessions. The bounce does not erase the earlier damage: the token broke down through October in line with broader bear market conditions and tested the $0.00000480 support zone before buyers stepped back in. Because the flow data points to selling rather than leveraged positioning, sustained absorption on the spot trading side is what would need to confirm the reclaim. Traders tracking support and resistance levels around these zones will want deposits to slow before treating the green candle as a trend change. Elsewhere in the Shiba Inu (SHIB) ecosystem, exchange Binance said it would adjust six other assets' collateral ratios alongside SHIB on October 23, a routine risk update that changes the token's borrowing power as margin collateral. Burn activity has also stayed modest, with a recent spike in the burn rate still removing only a small dollar value from supply. Together, these threads explain why the market is treating the bounce with restraint: sellable supply on exchanges is rising while the demand side has yet to post a confirming move.

Flow and Price Tell Different Stories

COINOTAG's reading of the datasets is that the recovery is real but fragile. Price and flows are moving in opposite directions, and in past SHIB episodes net deposits at this scale have tended to cap rebounds until the balance flips negative. The thing to watch is whether the 77.3 billion token figure keeps climbing over the weekend: a rollover in deposits would give the reclaim near $0.0000051 room to develop, while continued inflows would put the $0.00000480 floor back in play.