SHIB Exchange Netflow Spikes to 77.3 Billion Tokens in 24 Hours
Key Takeaways
- •Shiba Inu registered a net deposit of 77.3 billion tokens on centralized exchanges in the 24 hours to October 23, 2026, per CryptoQuant data.
- •Exchange netflow tracks the gap between tokens deposited to and withdrawn from trading venues, with sustained inflows often interpreted as a sign of potential sell-side supply.
- •A deposit by itself does not prove any holder intends to sell, since tokens on exchange wallets are merely easier to trade.
- •SHIB is an Ethereum-based token launched in August 2020 by the pseudonymous creator Ryoshi and ranks among the largest memecoin assets by market capitalization.
- •Observers typically monitor whether single-day inflows persist, reverse in later readings, or mark a lasting shift in SHIB balances held on exchanges.
Shiba Inu (SHIB) recorded a net deposit of 77.3 billion tokens on centralized exchanges in the 24 hours to October 23, 2026, according to SHIB exchange-flow data published by analytics platform CryptoQuant. The on-chain reading keeps sell-side pressure over the memecoin firmly in view.
Exchange netflow measures the difference between the amount of a token deposited to centralized exchanges and the amount withdrawn over a given period. Sustained net inflows indicate that a growing volume of tokens is being moved onto trading venues, where holders can more readily transact, while net outflows are typically read as tokens moving into self-custody wallets. Because tokens held on exchange wallets are easier to trade, rising netflow readings are commonly treated by market observers as a gauge of potential sell-side supply, although a deposit by itself does not confirm any holder's intent to sell.
SHIB is an Ethereum-based token launched in August 2020 by the pseudonymous creator Ryoshi and inspired by Dogecoin. It ranks among the largest memecoin assets by market capitalization, and its exchange-flow metrics are among the most closely watched indicators for gauging potential supply dynamics in the token's trading activity. For an asset in this segment, where trading activity is heavily sentiment-driven, flow readings are generally weighed alongside price and volume data rather than viewed on their own.
Data providers such as CryptoQuant aggregate on-chain transfers across the centralized exchanges they track, producing netflow readings that market observers use to follow how token balances on trading venues change over time. The 77.3 billion token figure covers the 24-hour window ending October 23. Since a single-day reading reflects only a short window, observers of this metric typically watch whether such inflows persist, reverse in subsequent readings, or translate into a sustained shift in SHIB balances held on exchanges.
This article was first published by COINOTAG: https://en.coinotag.com/shib-exchange-netflow-spikes-77-3-billion-tokens
