Shiba Inu Sees 207 Billion-Token Exchange Outflow as Price Stalls

Overview

• CryptoQuant data reported by crypto.news shows about 207 billion SHIB left exchanges over a 24-hour span spanning Nov. 15–16, including 121 billion on Nov. 15, marking one of the largest single-day outflows in months.
• Despite the withdrawals, SHIB slid to about $0.0000086 on Nov. 16 and recently traded near $0.00000903, extending weekly losses even as exchange balances fell, according to CoinCentral.
• CoinCentral, citing CryptoQuant, says exchange reserves dropped from 82.03 trillion to 81.77 trillion SHIB in November, a net decline of roughly 260 billion that reduces immediate sell-side supply.
• Technical readings cited by crypto.news put the Relative Strength Index near 39 with key moving averages above the market, underscoring resistance and muted momentum despite thinner on-exchange inventories.
• Shibarium activity fell sharply, with daily transactions down about 86% from Oct. 24 to Nov. 16, while holders have been moving tokens off exchanges and waiting for unspecified project updates from the Shiba Inu team.