SHIB Exchange Net Inflow Climbs to 53.8 Billion Tokens in 24 Hours
Key Takeaways
- •Shiba Inu recorded a net inflow of 53.8 billion tokens to cryptocurrency exchanges within a 24-hour window, according to COINOTAG's on-chain tracking.
- •Seven-day reserve data confirms the token build-up reflects a multi-day pattern of rising exchange balances rather than an isolated one-day movement.
- •Exchange net inflow tracks changes in tokens held by centralized platforms and serves as a standard on-chain indicator of supply distribution between trading venues and self-custodied wallets.
- •Raw netflow figures do not identify who is moving the tokens or why, so on-chain analysts typically interpret them alongside price and volume data.
- •Shiba Inu is an Ethereum-based ERC-20 token created in August 2020, with an ecosystem that includes the ShibaSwap decentralized exchange and the Shibarium layer-2 network, which launched on mainnet in August 2023.
COINOTAG Update — 2026-10-24, 05:29 UTC — Shiba Inu (SHIB) recorded a net inflow of 53.8 billion tokens to cryptocurrency exchanges over a 24-hour window, according to COINOTAG's on-chain tracking.
The one-day figure is not an isolated spike. The seven-day reserve chart now shows a clean climb over the past couple of days, confirming that the 53.8 billion token build-up is part of a multi-day pattern rather than a single session's flow.
What the Metric Measures
Exchange net inflow refers to the change in the number of tokens held in wallets controlled by centralized trading platforms. When the amount of tokens moved into exchange wallets exceeds the amount moved out, the net balance rises; when withdrawals dominate, it falls. Reserve and netflow data are standard on-chain indicators used to monitor how a token's supply is distributed between trading venues and self-custodied wallets.
These readings matter to market watchers because exchange-held balances represent the share of a token's supply sitting directly on trading venues, where it is custodied by the platforms themselves. On-chain desks generally read netflow alongside price and volume data rather than in isolation, since the raw figures do not identify who is moving the tokens or why. For SHIB, the coming daily netflow prints will show whether the current multi-day build-up in exchange reserves extends or gives way to renewed withdrawals.
Background on Shiba Inu
Shiba Inu is a dog-themed cryptocurrency created in August 2020 by the pseudonymous founder Ryoshi. The token is an ERC-20 asset issued on the Ethereum blockchain and has grown into one of the most prominent meme-based tokens. The project's ecosystem includes ShibaSwap, a decentralized exchange, and Shibarium, a layer-2 scaling network that launched on mainnet in August 2023, along with the companion tokens BONE and LEASH.
The initial supply was set at 1illion tokens. In 2021, half of that supply was sent to Ethereum co-founder Vitalik Buterin, who subsequently burned 90% of the tokens he received and donated the remainder to charitable causes.
Movements of this scale are typically reported in raw token counts, reflecting SHIB's very large total supply.
This content was first published on COINOTAG: https://en.coinotag.com/shib-exchange-net-inflow-53-8-billion-tokens
