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Despite a 128% surge in SHIB activity, outflows from the Shiba Inu Exchange still exceeded inflows

2026-08-18 00:37:57
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What you need to know

Exchange inflows of Shiba Inu coins surged by about 128%, but the withdrawal volume was still higher, and the overall net flow was close to-87.05 billion SHIB.

Large SHIB withdrawals reached 4.51 billion, while the decline in exchange reserves further reduced the ready-to-use supply on trading platforms.

SHIB is trading at around US$0.0000443, with weak momentum and resistance between US$0.0000457 and US$0.0000490, limiting its potential for price recovery.

Exchange withdrawals of Shiba Inu coins continue to exceed deposits, despite an increase of approximately 128%, a SHIB inflow indicator. This imbalance suggests that despite increased exchange activity, holders are withdrawing more tokens from trading platforms.

Exchange inflows increased 87.76% in 24 hours, while short-term indicators showed a 128% increase in exchange activity, according to CryptoQuant. Total exchange inflows also increased by 1.9% to approximately 147.57 billion SHIB. Higher deposits could increase potential selling pressure because holders have easier access to exchange liquidity.

However, inflows reveal only one aspect of the activity of the SHIB exchange. The withdrawal amount is still much higher than the deposit amount, showing a different picture of holder behavior. Total exchange outflows increased by 4.27% to approximately 234.62 billion SHIB. As a result, approximately 87 billion more coins left the exchange than entered during the counting period.

SHIB net flow shows withdrawals still dominate exchange activity

SHIB's net exchange traffic is currently approximately-87.05 billion tokens, a decrease of 3.82% from before. Negative net flows indicate that withdrawals exceed deposits on monitored exchanges. In addition, large transactions have also reinforced this trend. The top ten exchanges had inflows of approximately 3.32 billion SHIB, while the corresponding outflows reached 4.51 billion tokens.

Outflows from the top 10 also increased by 9.68%, indicating that large households are also participating in the broader trend of cash withdrawals. In addition, exchange reserves fell 0.1% to approximately 873.2 trillion SHIB. Falling exchange reserves will reduce the number of SHIBs available for immediate trading in the market. However, without stronger buying demand, reduced supply alone will not establish market recovery.

SHIB prices still face major resistance

SHIB is currently trading at approximately US$0.0000443, still below several important moving averages. Buyers face direct resistance in the range of $0.0000447 to $0.0000457. Beyond this range, the $0.0000490 level poses a stronger obstacle and buyers need to regain that position. In addition, the relative strength index is still close to 44, reflecting sluggish market momentum.

Therefore, a 128% increase in inflows is not enough to prove that the decline in SHIB is over. Net withdrawals provide a potentially favorable supply signal, but price movements remain weak. SHIB needs stronger demand to turn declining exchange supply into meaningful upward momentum. Recovering $0.0000457 will enhance recovery prospects and bring $0.0000490 into view. Before these resistance levels were breached, exchange outflows and declining reserves were just supporting signals in SHIB's already weak market structure.

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