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406 billion Shiba Inu tokens withdrawn from exchanges, reducing sell-side liquidity amid price recovery.

Market News
06 Oct 2026
UToday
View Source
Neutral
406 billion Shiba Inu tokens withdrawn from exchanges, reducing sell-side liquidity amid price recovery.

Shiba Inu (SHIB) has seen a net outflow of about 101.2 billion tokens from exchanges, with 406 billion tokens involved in total inflows and outflows. This negative netflow means more SHIB tokens are leaving exchanges than entering, which can reduce immediate selling pressure and support the recent price recovery above key support levels around $0.00000565. However, the intensity of withdrawals has weakened recently, and network activity remains steady without a surge in demand. For a stronger bullish confirmation, SHIB needs to break above resistance levels near $0.00000610 and $0.00000630, while falling below $0.00000560 could undermine the recovery and push prices lower.

The recent net outflow of 101.2 billion SHIB tokens from exchanges aligns with the current trading environment on Pluang, where SHIB is priced at Rp0.105 and has seen a 1-day decline of 1.43% as of Oct 06, 2026 20:05 WIB. Despite the outflows, the market cap stands strong at Rp61.81 trillion, with a 24-hour trading volume of Rp1.13 trillion. Pluang users show a slightly higher buying interest with 55% buy orders compared to 45% sell orders, and the typical holding period is 106 days, indicating steady investor engagement.

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