FeesSafety
Pluang+

56 billion Shiba Inu tokens added to exchanges amid price recovery above $0.000005

Market News
23 Oct 2026
UToday
View Source
Neutral
56 billion Shiba Inu tokens added to exchanges amid price recovery above $0.000005

Shiba Inu (SHIB) price has bounced back above $0.000005, reaching $0.00000510, but a large inflow of 56 billion SHIB tokens to exchanges raises concerns about the sustainability of this recovery. Exchange reserves increased slightly to 87.2364 trillion tokens, indicating potential selling pressure as holders might be preparing to sell. Network activity remains steady with minor increases in transactions and active addresses, but trading volume is weak and price faces resistance near $0.00000525 and $0.00000558. The key factor to watch is whether the inflow leads to selling or if outflows and a break above resistance will confirm a stronger recovery.

As of Oct 24, 2026 10:21 WIB, Shiba Inu (SHIB) trades on Pluang at Rp0.0897, down 0.75% over the past day. Despite the recent inflow of 56 billion tokens to exchanges noted in the news, Pluang data shows a 70% buy order activity and a typical hold time of 107 days, indicating some investor confidence. The market cap stands at Rp53.18 trillion, with a 24-hour trading volume of Rp1.37 trillion, highlighting active trading interest in SHIB.

More News (SHIB)

Shibarium blockchain usage drops to $46K TVL, far below Shiba Inu's $3B market cap

Shibarium blockchain usage drops to $46K TVL, far below Shiba Inu's $3B market cap

Shibarium, the Shiba Inu project's layer-2 blockchain, shows very low activity with only $46,453 total value locked (TVL) as of October 23, 2026, down from over $6 million in late 2024. Despite Shiba Inu's $3 billion market cap, daily transactions on...

Protocol Fundamentals
Bearish
10 hours ago
Meme tokens hit $29.7B market cap with Dogecoin leading at $12.46B and $546M daily volume

Meme tokens hit $29.7B market cap with Dogecoin leading at $12.46B and $546M daily volume

The meme-token market reached a capitalization of $29.71 billion on October 23, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) making up 58.4% of that total. Dogecoin led the group with a $12.46 billion market cap and $545.85 million in 24-h...

Market News
Neutral
1 day ago
Shiba Inu founder Ryoshi likely won't return as community questions his recent online activity.

Shiba Inu founder Ryoshi likely won't return as community questions his recent online activity.

The Shiba Inu cryptocurrency community is skeptical about the return of its anonymous founder, Ryoshi, after a veteran member highlighted changes in the account details of Ryoshi's former Medium blog, suggesting someone else may be using the name. Ot...

Market News
Neutral
1 day ago
Shiba Inu (SHIB) drops 3.36%, facing resistance at $0.00000511 and support near $0.00000480

Shiba Inu (SHIB) drops 3.36%, facing resistance at $0.00000511 and support near $0.00000480

Shiba Inu (SHIB) fell 3.36% in the past 24 hours, trading below key resistance at $0.00000511 and near support levels around $0.00000480. Technical analyses indicate a bearish bias unless SHIB breaks above $0.00000511 with increased volume. If it fai...

Technical Signals
Neutral
1 day ago
Shiba Inu exchange reserves rise slightly to 87.16 trillion SHIB near key $0.000005 support level

Shiba Inu exchange reserves rise slightly to 87.16 trillion SHIB near key $0.000005 support level

Shiba Inu (SHIB) exchange reserves increased by about 0.08% to approximately 87.16 trillion SHIB as of the October 21 snapshot, representing around 14.79% of the circulating supply. The token price hovered near a technical support level of $0.000005 ...

Technical Signals
Neutral
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App