Top-10 Shiba Inu (SHIB) Wallets Slow Down Exchange Deposits to Mere 2 Billion Tokens in 24 Hours

LocalCryptoNews rails-and-venues note (2026-11-08): Top-10 Shiba Inu whales sent only about 2 billion SHIB to exchanges in the past 24 hours. Primary source: original at U.Today (u.today).

November 8, 2026 12:20 PM GMT · U.Today 2 min read

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According to the CryptoQuant data, the top-10 wallets have deposited 2 billion Shiba Inu tokens in the last 24 hours. The data shows that the wallets have deposited a little more than 2 billion SHIB at $0.00000446.

These whales have deposited 2.281 billion SHIB over the past 24 hours, according to data from CryptoQuant. The total Shiba Inu exchange reserves currently sit at 86.1617 trillion SHIB worth $384.28 million.

Exchange withdrawals piling up

CryptoQuant also spotted another 3.4772 billion SHIB withdrawn from exchanges over the past 24 hours. The statistics on exchange net flow paint a somewhat different picture.

Over the past 24 hours, SHIB saw 20.0745 billion tokens in negative net flow on all major exchanges. If whales move their funds to exchanges en masse, this usually means short-term selling pressure.

Large holders are withdrawing SHIB

Shiba Inu exchange reserves lost 0.02% with the dollar value of those reserves slipping even more, by 0.47%.

The pain point is the rapid decline in early November, as Shiba Inu continued falling after a short-lived rally.

TradingView data shows that SHIB price has recently lost an important support level at $0.00000480. $0.00000410 might be the next point of a further decline if support is invalidated.

Shiba Inu price is currently trading at $0.00000447, moving sideways around the local bottom. The local support sits at around the $0.00000440–$0.00000442 range.

A break above $0.00000480 would put the price in recovery mode, opening the way to the $0.00000540–$0.00000550 zone tested in October.