Under 1,000 Users Withdraw SHIB from Exchanges

Why Shiba InuSHIB+0.44% Holders Are Staying Put on Exchanges

On-chain data shows that under 1,000 Shiba Inu (SHIB) users actually withdrew their tokens from central crypto exchanges in a recent snapshot.

To be exact, the latest reading logged just 538 withdrawal transactions. For a meme coin with one of the biggest communities in crypto, that is a surprisingly quiet number.

Breaking Down the On-Chain Flow: Inflows vs. Outflows

When you count individual transactions, withdrawals actually outnumbered deposits. While that sounds like a win for buyers, the overall volume tells a different story.

Here is how the actual token movement breaks down on central exchanges:

• Exchange Inflows: 247.06 billion SHIB moved into central exchange wallets.
• Exchange Outflows: 183.58 billion SHIB moved out to private wallets.
• Net Inflow: 63.49 billion SHIB remained on exchanges.

In simple terms, more coins are coming into exchanges than leaving them. When tokens sit on exchanges, holders can sell them quickly. That often creates potential downward price pressure.

There is a minor silver lining: netflow dropped by 5.42% over the last 24 hours. That hints that selling pressure is easing slightly, but it has not turned positive for buyers yet. Meanwhile, total exchange reserves grew by 0.07% in a single day, reaching 87.11 trillion SHIB.

What the Technical Charts Say About SHIB

Shiba Inu is currently trading near $0.00000503. Looking back, the token dropped from the $0.00000600 level in early October 2026 before finding support near $0.00000480.

Past performance of digital assets is not a guarantee of future returns. You can check current rates and market stats on Bitkub Market.

While SHIB recently printed a small green candle, the move looks weak. Trading volume is low, and the Relative Strength Index (RSI) sits near 40, showing that sellers still maintain greater control.

Key Price Levels to Watch

For SHIB to show real strength, it needs to climb past several key moving average lines:

• First Resistance: The orange moving average near $0.00000526.
• Second Resistance: The blue line near $0.00000534.
• Main Barrier: The black line sitting near $0.00000560.

If buyers can step up volume and push the price above these resistance barriers ($0.00000526 to $0.00000560), SHIB could test higher levels. However, if market demand remains soft and buyers fail to defend the $0.00000480 support level, the price faces the risk of sliding down toward $0.00000460.

Ultimately, a sustained recovery for SHIB requires two things: more users moving tokens off exchanges into long-term storage and stronger buying volume on positive days. Until then, low withdrawal numbers suggest market participants remain cautious.