Shiba Inu Coin: 65 billion tokens transferred to exchanges, worth US$349.7 million: What should we f

Shiba Inu: A net flow of 65 billion tokens into the exchange, equivalent to only US$349,700.

Analyst firm CryptoQuant reported that Shiba Inu (SHIB) experienced a positive net flow of approximately 65 billion tokens. In this calculation,"forward" means that the number of tokens flowing into the trading platform is more than the number withdrawn from the platform. This number sounds huge. Based on a price of $0.00000538 at noon on Sunday, this is equivalent to $349,700, or only 0.75% of SHIB's daily trading volume.

Therefore, the findings behind the data do not indicate that a wave of selling is taking shape, but rather that the number of SHIB tokens is distorted by the circulation supply of 589 trillion coins. When you hear the unit of "billions", you need to convert it first. This article will deal with this arithmetically, combine it with the price, and explain the impact of transferring tokens to self-custody on German tax purposes.

CryptoQuant defines net traffic as the difference between two flows: tokens flowing from a private address to an exchange address, compared to tokens leaving the exchange. This reading covers October 10 (Saturday). U.Today reported the news on Sunday morning and interpreted the 65 billion yuan as a slowdown: inflows had previously reached hundreds of billions of SHIBs.

The direction has not changed. Balances still point to exchanges rather than away from them. What changes is speed. Falling from hundreds of billions to 65 billion means that the supply of saleable tokens is shrinking, rather than buyers taking control of the situation. "Net flow" is an auxiliary indicator, not a price signal. It describes the number of tokens that are theoretically available for sale on the exchange platform, but does not say whether the tokens will be sold.

The mechanism for generating net traffic on an exchange and why it cannot affect prices one-on-one

Transferring money to an exchange does not amount to a sale; it is just a preparatory step for a sale. There is a decision-making process between deposit and execution that cannot be seen in the flow chart: for example, someone transfers a position between two platforms, a market maker refills inventory, or a platform transfers customer funds into a new custody structure.

What matters for price is the moment when the sell order enters the order book and matches the demand. If there are enough pending orders on the buyer side, even large orders will not cause significant price fluctuations; if the order book is thin, small orders will be enough to have an impact. This is why the token count itself is more telling than the daily transaction volume.

Removing tokens from the exchange requires you to have your own custody rights and securely store the recovery phrase.

Reverse calculation: 0.75% of daily trading volume, 0.011% of supply

CoinGecko data showed that the price of the SHIB was $0.0000538 at noon on Sunday, with daily trading volume of $46.8 million and a market value of $3.17 billion. The circulation supply is 589.2 trillion coins. This results in three figures that are usually missing in net flow reports:

• 65 billion SHIBs are equivalent to US$349,700 .
• This accounted for 0.75% of of the daily trading volume of US$46.8 million .
• This represents 0.011% of the 589.2 trillion coins in circulation .

An amount of US$349,700 will not shake an order book that independently trades 134 times this amount every day. Compare: On Dogecoin, the same share of daily trading volume is about $2.5 million, because daily trading volume there is $327 million. The same percentage represents completely different amounts in different currencies.

Another eye-catching ratio comes from the same data. Daily trading volume only accounts for 1.48% of market value. Currencies with thin trading volumes are more sensitive to single large orders, while currencies with heavy trading volumes are not. The real risk lies in this, not in net traffic.

What has changed in Shiba Inu since October 10

Another number occupied this position on Friday: capital locked in Shibarium fell 68%, driven by a single liquidity pool, as shown in our October 10 analysis of Shibarium capital outflows. The price at the time was $0.0000541.

Prices have changed little since then. The $0.00000538 at noon Sunday was 0.6% lower than Friday and was down 1.24% in 24 hours. The $0.00000530 level, considered the next support level on Friday, has not yet been tested. The lowest price of the day was $0.0000537, which was actually around the current price.

The new change lies in the angle. Friday was about capital leaving the chain itself; today it was about the movement of tokens to trading platforms. Both are outflow stories, but the recipients are different. Shibarium's capital left the ecosystem, and the 65 billion SHIBs simply changed locations within the same market.

The destruction value of 1.45 billion SHIBs was US$7,801

The same conversion also applies to token destruction. U.Today reported on Sunday morning that 1.45 billion SHIBs were destroyed in 24 hours. At today's prices, that's equivalent to $7,801.

Destruction permanently removes tokens from circulation by sending them to a keyless address. The idea is that as supply tightens, prices rise while demand remains unchanged. At a rate of 1.45 billion tokens per day, this represents 0.00025% of the circulation supply. If extrapolate for one year at the same rate, it would be 0.09%.

This is the magnitude involved. For scarcity to drive prices, the rate of destruction must be increased by orders of magnitude. Destruction reports remain a useful indicator of community activity, but not a measure of supply.

Price level on October 11: US$0.0000560 above, US$0.00000510 below

在当前价格之上，存在0.00000550至0.00000560美元的区域，SHIB在最近几天多次在此受阻。距离该区域为2.2%至4.1%。当日最高价0.00000549美元表明，价格今天已经测试了该区域的下沿。

向下看，U.Today的技术分析将0.00000530美元列为第一个支撑位，低于当前水平1.5%。在其之下是10月6日的低点0.00000510美元，距离为5.2%。在该水平上，分析指出，如果在0.00000510美元以下收盘，将否定反转观点。

与月度对比：SHIB比9月底的高点0.00000626美元低14.1%。与其历史最高点0.00008616美元相比，低了93.8%。

我们的评估：稀薄的交易量比净流量更具权重

在本新闻编辑室看来，650亿枚SHIB的净流量是周末两个数据中较弱的一个。证据如上所述：349,700美元对比4,680万美元的日交易量，即0.75%。从中读出迫在眉睫的抛售压力意味着用代币数量而非金钱来衡量。

第二个数据权重更大。日交易量占市值的1.48%，且已稀薄数日。在市场稀薄的情况下，个别较大的订单会不成比例地影响价格，无论是上涨还是下跌。这论证了应比流量报告更认真地对待0.00000510美元附近的区域。

On the other hand: The decline in inflows from hundreds of billions to 65 billion is real and points in a more friendly direction. It only becomes meaningful when the balance turns negative for several days in a row. Nothing constitutes a buy and sell recommendation;SHIB remains an asset that may lose its full value.

Shiba Inu: Moving from an exchange to self-custody: Holding period continues to be calculated

Reversing the direction of net flow means withdrawing your tokens from the exchange. For German investors, tax issues are the top priority, and the answer is comforting.

Article 23, paragraph 1, sentence 2, item 2, of the German Income Tax Code covers the disposal of other assets, where no more than one year may occur between acquisition and disposal. Everything depends on the word "disposal". Transfers to your own address do not count as disposal: no owner changes and no consideration flows. The one-year timer continues to run from the date of acquisition.

What is important in practice is documentation. On the chain, the tax bureau only saw two addresses and one transfer. Both addresses belong to you, and you need to be able to prove that. So, keep track of how many quantities you purchased when and at what price, and which address they went to. The Portfolio Tracker with tax reports automatically handles this bookkeeping and reflects a FIFO (first-in, first-out) order, where the earliest purchased token is considered the first to be sold.

The same clause also establishes a threshold that will soon become relevant for large holders like SHIB: If the total proceeds of private disposals for the calendar year are less than 1,000 euros, the proceeds are exempt from taxation. This is a exemption threshold , not a deduction. If the proceeds are € 1,000.01, the full amount is taxable, not just the part above the line.

Which form of custody is suitable for which amount

At a price of 0.000048 euros, approximately 20.8 million SHIBs can be purchased for 100 euros. The threshold of 1,000 euros corresponds to approximately 208 million coins. These numbers explain why many holders never check quantities: an extra digit or a missing digit is almost impossible to detect.

For the choice of trusteeship form, the value of euros rather than the number of units is crucial. For smaller amounts of three digits, using an account with a regulated exchange is acceptable because withdrawal fees account for a significant proportion. For four-digit amounts, the situation has shifted: there, the cost of the hardware wallet is only a small portion of the total amount and eliminates the risk of the platform suspending withdrawals.

In both cases, the recovery phrase should be written on paper or metal, never taken a photo, or placed in a password manager in the cloud. Losing it means losing the token; passing it means giving away the token.

Buying under the MiCA framework: How to identify EU-licensed exchanges

According to the EU Regulation on the Regulation of the Cryptoasset Market (MiCA), providers need to obtain authorization as crypto asset service providers to trade crypto assets within the EU. In Germany, BaFin grants and supervises the license. Two tips help in making judgments: the summary lists European companies and their headquarters located in EU member states, and the provider clearly identifies the competent regulatory authority.

This is not just a formal difference. Authorization brings the responsibility to separate customer assets from owned assets, as well as channels for complaints. Which platforms meet these requirements and their fee differences can be found in the overview of regulated crypto exchanges.

What dates and data are important in the next few days

Net traffic is updated daily. It only makes sense for a few consecutive days: if the balance turns negative for three to four consecutive days, it means more tokens are leaving the trading platform than coming in. Single-day readings knew nothing about this.

There are two numbers in terms of price. Above, in the $0.0000550 to $0.0000560 area, SHIB has failed many times recently. Below,$0.0000510 for October 6. In between is a range of about 10%, where prices have been moving for a week.

The third quantity is the daily trading volume. If daily trading volume is significantly higher than the current US$46.8 million, then all traffic and destruction data will be weighted more because more participants are involved at this time. If trading volume remains thin, quotes will continue to be triggered by individual addresses.

Shiba Inu: The pattern changes if it breaks below US$0.0000510, and the range above this remains

From the perspective of amount, 65 billion SHIBs is a small number. What matters in the next few days is the range between $0.00000510 and $0.0000560 and whether trading volume rebounds. Three implications are drawn:

1. Convert token headline data into euros before trading . Given the circulation supply of 589 trillion pieces, the number of billions in itself is meaningless.
2. Adjust custody size based on euro value . Starting with four-digit amounts, self-custody is better than exchange accounts in convenience; Hardware wallet comparison shows differences in price and processing.
3. Record each transfer . The one-year timer under Section 23 of the Income Tax Act is only valid if you can prove that the transfer was made to your address; The tax tool records these contents with the operation.

(As of October 11, 2026. This article does not constitute investment advice. Price and fee structures are subject to change; please check terms with your provider before purchasing.)