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65 billion SHIB tokens moved to exchanges, worth $350K, signaling supply shift but not immediate selling pressure

Market News
11 Oct 2026
CryptoTicker
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Neutral
65 billion SHIB tokens moved to exchanges, worth $350K, signaling supply shift but not immediate selling pressure

CryptoQuant reports a net inflow of 65 billion Shiba Inu (SHIB) tokens to exchanges, valued at about $349,700, which is only 0.75% of SHIB's daily trading volume. This indicates more tokens are available for sale, but it does not mean a surge in selling. The circulating supply of SHIB is extremely large at 589 trillion tokens, so token counts can be misleading without converting to monetary value. The daily turnover remains thin at 1.48% of market cap, meaning price sensitivity to large orders is high. Investors should watch price support levels around $0.00000510 and resistance near $0.00000560, and consider tax implications of moving tokens to self-custody, especially in Germany where transfers between personal wallets do not reset the holding period for capital gains tax.

Shiba Inu netflow data shows 65 billion tokens valued at about $349,700, a small fraction of its daily volume. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 11, 2026 21:11 WIB: out of 50 major cryptocurrencies, 18 rose and 31 fell today. Balancer gained 11.14% to Rp16,297, EOS.IO rose 8.13% to Rp12,649, while Basic Attention Token increased 7.41% to Rp2,525 with a near-even Pluang order activity split of 52% sell and 48% buy.

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