115 Trillion SHIB Lands on Exchanges

The open question surrounding Shiba Inu (SHIB) is whether the latest wave of tokens moving onto exchanges represents supply still waiting to be sold — or a surge the market has already absorbed and priced in. On-chain flow data covering the past 24 hours tilts toward the second interpretation, though it does not settle the matter.

Exchange inflows reached 465,652 billion SHIB during the period, a 2.46% increase, while outflows totaled 350,424 billion SHIB. The result is a positive netflow of roughly 115,228 billion SHIB — a substantial pool of tokens now sitting on trading platforms, available to be sold at a moment's notice. Netflow is watched for precisely this reason: it separates tokens that have left self-custody and can re-enter trading quickly from holdings that stay off-exchange. The average inflow per transaction rose to about 1,132 billion SHIB, indicating that deposits arrived as unusually large transfers rather than being scattered across small retail wallets.

Under the standard playbook for a memecoin — and for the broader altcoin market — deposits of this magnitude are read as pre-positioning for selling, and caution would normally be the default call. What distinguishes this snapshot from the typical bearish setup is the price response. SHIB briefly dipped below $0.00000480 before recovering to approximately $0.00000537, and the failed breakdown left a pronounced lower wick on the daily candle — evidence that the drop was bought back forcefully rather than accepted. The SHIB/USDT chart showed the rebound holding as of the latest 03:00 UTC snapshot.

The tape therefore presents two readings at once: the flows argue caution, while the structure argues seller fatigue. Whether holders depositing at scale continue to find buyers willing to absorb them — or whether that latent supply ultimately forces a lower low — is the decision the coming sessions must make, and neither signal settles it.

Structure Strengthens the Case for Absorption

The price structure that has formed since the dip is the stronger half of the argument. SHIB has climbed back above the cluster of shorter-term moving averages at $0.00000500–$0.00000520, a zone that capped price throughout the recent weakness and now sits beneath the market instead. Previous Coinotag coverage of the $0.0000050 support range described the token grinding sideways rather than trending, and reclaiming that band marks the first structural change of substance in days. Basic support and resistance logic applies directly: a level that repeatedly capped price becomes, once cleared to the upside, the line sellers must retake to regain control — and they have not yet managed it.

Network data adds a second stabilizing signal. Total tokens transferred rose 1.09% to roughly 3.006 trillion SHIB, transaction count increased 0.96%, and the number of transfers climbed 1.03%. Activity did not contract alongside the price weakness; the network kept moving tokens while the market absorbed deposits. That divergence matters, because breakdowns that stick usually arrive with fading activity, not rising activity.

Supply concentration reinforces why absorption is plausible: 808 whale wallets hold 94.68% of SHIB's circulating supply, meaning a relatively small set of holders determines whether deposited tokens become live sell pressure or remain parked. Ongoing burn mechanics continue to trim the float as well — Binance burned 2,357,000 SHIB in the day's largest single burn trade, a mechanism that permanently removes tokens from circulating supply.

The honest summary is that the setup is improving rather than overtly bullish. Inflows remain heavy; bears have simply failed, repeatedly, to convert that potential supply into a sustained breakdown. A bullish reversal is not confirmed — but the case that sellers are losing marginal impact now rests on price, flows and activity together.

The Close That Settles the Absorption Test

Since that snapshot, the absorption question has shifted decisively toward the bulls. SHIB rose for a fourth consecutive session, climbing from $0.00000474 to $0.00000551 — roughly a 17% weekly gain — and breaking above the daily 50 and 200 moving averages at $0.00000502 and $0.00000529 along the way. The rebound gathered strength after the Federal Reserve lifted its benchmark federal funds rate 25 basis points to a 3.75%–4% range, and the SEC's Thursday order creating a pathway for tokenized U.S. stocks — blockchain-based representations of equities — on trading venues added further risk appetite. On the hourly chart, the 50 MA crossed above the 200 MA to complete a golden cross, a pattern closely watched as a trend-confirmation signal, quickly invalidating the death cross that had printed on the four-hour chart on September 17. Glassnode's data shows altcoin leverage still below its risk threshold, leaving room for the advance — with $0.00000575 the next hurdle before the $0.000006 zone comes into play.

Weekly Chart Adds Reversal Evidence

The weekly timeframe has added a fresh layer of evidence to the reversal case. A positive RSI divergence has formed — price carved lower lows over recent months while the Relative Strength Index printed higher lows — signaling that the downtrend's momentum is fading. SHIB held around $0.00000547, up 6.72% on the week, with buyers defending the local support zone and short-term moving averages beginning to turn back into support.

The standout caveat from the weekly structure is the distance to the main threshold: the 200-week moving average near $0.0000122 — average closing price of the past 200 weeks — remains the level separating this rebound from a durable uptrend, and similar attempts at that zone have historically been followed by sharp corrections. A decisive weekly break above it would confirm the bullish combination and could revive the one-zero-removal target band.

Indicator Map and the Deciding Print

As of 19:07 UTC, COINOTAG's proprietary 42-indicator composite S/R scoring engine frames the map ahead. The nearest Fibonacci-derived support scores 55/100, driven primarily by the Fibonacci 0.382 retracement, while a deeper cluster — a flip of resistance to support, VWAP, POC and Value Area Low — adds a 53/100 layer. Overhead, the closest resistance band scores 57/100 on a Fibonacci 0.236/0.214 confluence. The RSI reading sits at 59.87, MACD is neutral, and the trend label remains sideways.

Derivatives add little fuel in either direction: aggregate funding across Binance, Bybit and HyperLiquid prints 0.0056% — the periodic fee exchanged between perpetual futures traders to keep contracts tethered to spot prices — a mildly positive but uncrowded long bias, while the Fear & Greed Index at 71 (Greed) — a composite sentiment gauge — shows sentiment running ahead of confirmation.

The observable that settles the open question is a specific print: a daily close holding the 55-scored support confirms buyer absorption, while losing the 53-scored cluster invalidates the consolidation thesis outright.

Source: Coinotag — https://en.coinotag.com/shiba-inu-faces-115-trillion-token-absorption-test