Shiba Inu price: large holders pull a net 20 billion SHIB off exchanges

Shiba Inu trades at around $0.00000445 on Sunday evening, November 8, 2026, roughly €0.00000399. In the afternoon SHIB slipped to $0.00000442 on Kraken, its lowest level since August 19. At the same time, exchange data from CryptoQuant point the other way: within 24 hours a net 20 billion or so SHIB left the major trading venues.

What the data show: the ten largest addresses sent only just over two billion SHIB to exchanges over that period, and withdrew considerably more. Our assessment follows further down. The outflow takes some selling pressure out of the market in the short term, but in dollar terms it is smaller than the figure of 20 billion suggests. For investors in Germany it is a good moment to put their own custody in order.

Shiba Inu price on Sunday evening: $0.00000445 and a new low since August

Sunday passed without a big swing, but the direction was clear. On Kraken, SHIB opened against the US dollar at $0.00000448, with a daily high of $0.00000449 and a daily low of $0.00000442. That put the token just below Thursday's low of $0.00000444. According to CoinGecko, SHIB is down 0.5 percent over 24 hours, 5.0 percent over seven days and 17.6 percent over 30 days.

Bitcoin held up far better over the same period. The largest cryptocurrency trades at around $75,700 on Sunday evening, down 7.9 percent over 30 days. SHIB has therefore lost more than twice as much. Measured against the October high of $0.00000604 on October 5, the token is now a good 26 percent lower; compared with November 8, 2025, when SHIB cost just under $0.00000996 on Kraken, the gap is around 55 percent.

Turnover stayed thin, as is typical at weekends. By the evening, a little over 40 billion tokens had changed hands in the SHIB/USD pair on Kraken. On Thursday, when the wider market slid after liquidations of more than $1 billion, the figure was almost 87 billion, and on October 30 it reached 199 billion.

A net 20 billion SHIB withdrawn: Sunday's CryptoQuant figures

The exchange flow figures come from the analytics firm CryptoQuant and were analysed on Sunday at midday by U.Today. An exchange flow measures how many tokens arrive at addresses of known trading venues and how many leave them. The difference is the netflow. When it is negative, more coins are leaving exchanges than arriving.

For the 24 hours to Sunday midday, the analysis puts the netflow across the major exchanges at minus 20.07 billion SHIB. Over the same period the ten largest SHIB addresses sent 2.28 billion tokens to exchanges and withdrew about 3.48 billion. CryptoQuant puts the reserves of all tracked exchanges at 86.16 trillion SHIB, equivalent to roughly $384 million.

A point that matters for interpretation: in crypto jargon a whale is an address with a very large holding. When such addresses send many tokens to exchanges, that often signals planned sales. When they withdraw tokens, the coins usually end up in self-custody, in cold-storage addresses or with custodians. Both are indications rather than proof, because transfers between addresses belonging to the same exchange also show up in this kind of data.

Exchange outflow instead of inflow: what has turned since November 4

Four days ago the picture was reversed. On Wednesday, November 4, we reported on net inflows of around 153 billion SHIB to exchanges. The price stood at $0.00000473 at the time, and the zone around $0.0000045 had just passed its second test. Since then SHIB has lost almost 6 percent, and the zone has given way.

On Saturday came the slide below $0.0000045, with the token at around $0.00000449 at midday. The level we named there as the next marker, Thursday's low of $0.00000444, failed to hold on Sunday afternoon. What is new is the direction of the exchange flow: after Wednesday's inflow, the large addresses are withdrawing tokens again while the price keeps falling.

This pattern is not unusual in falling markets. Anyone buying at lower prices who does not want to leave the coins on the exchange withdraws them. Anyone who wants to sell deposits. A look at the individual figures shows that both are happening at once: billions of SHIB went to exchanges on Sunday as well, only more came back out.

Exchange reserves of 86 trillion SHIB: why 20 billion still counts

A figure of 20 billion sounds large, yet at a price of $0.00000446 it comes to just under $89,000. Measured against exchange reserves of 86.16 trillion SHIB, the outflow equals about 0.02 percent. CryptoQuant shows exactly this decline in reserves. Wednesday's 153 billion was likewise worth only a little over $700,000.

A comparison with trading volume adds further context. The 40 billion SHIB traded on Kraken on Sunday alone are worth around $178,000, and Kraken is only one of many venues. A single day of outflows therefore barely moves the price of a token with a market value of a good $2.6 billion.

The figure only becomes meaningful as part of a series. If the outflows continue for several days, the supply that can sit on the order books in the short term shrinks. If they flip back into inflows after a day, it was a transfer without consequences. SHIB holders should therefore not react to a single day's reading but watch whether the netflow stays negative into the middle of the week.

SHIB futures market: futures netflow falls to minus $207,000

Alongside the spot market, the futures market offers a second angle. According to a second analysis by U.Today based on data from Coinglass, $10.39 million flowed into SHIB futures contracts over three days while $10.60 million flowed out. That left the netflow at minus $207,230.

A futures contract, which in crypto trading usually comes as a perpetual future with no expiry date, lets traders bet on rising or falling prices, often with leverage. When money flows out on a net basis, traders are closing more positions than they open. That points to less speculation on credit, though not automatically to weaker buying interest in the token itself.

Taken together with the spot picture, the market looks calm but weak. Traders are retreating from the futures market, exchange balances are edging lower and the price is slipping on low volume. A high-volume sell-off looks different, and so does a trend reversal.

Levels below the price: $0.00000442 and the June low for the year

The first level is Sunday's low at $0.00000442. U.Today sees local support there, between $0.00000440 and $0.00000442. If it breaks, the next target according to the same analysis is $0.00000410. That level roughly matches the low of July 17, when SHIB fell as far as $0.00000406 on Kraken.

According to Kraken's daily data, the 2026 low stands at $0.00000405, reached on June 25. That is a good 9 percent below the current level. A close below it would mark a new low for the year, and there would then be no nearby support left from this year.

Resistance above the price: the 20-day line at $0.00000480

The first level above the price is $0.00000480. This is where the average of the past 20 daily closes on Kraken runs, and where SHIB lost an important support according to U.Today. To get there, the price would have to rise by almost 8 percent. Only a close above it would break the series of lower highs since early October.

The 50-day line sits at $0.00000526, a good 18 percent above the current level. Above that lies the zone between $0.00000540 and $0.00000550, which SHIB tested in October and which U.Today names as a recovery target. According to the second analysis, the 50-week moving average runs at $0.00000586.

Withdrawing SHIB from an exchange: network and receiving address

What the whales do on a large scale is worth doing on a small scale for many retail investors: coins you plan to hold for longer do not necessarily belong on an exchange. An exchange holds your tokens in trust, and in the event of insolvency or a freeze your access depends on it. In your own wallet you control the keys yourself and carry full responsibility for them.

Shiba Inu is a token on the Ethereum blockchain that follows the ERC-20 standard. Some exchanges also offer SHIB withdrawals on other networks. Choose the network your receiving wallet supports, which for SHIB is usually Ethereum. If the tokens land on a network your wallet does not recognise, recovering them is laborious or impossible.

The first time, send a small test amount and check that it arrives. Compare the receiving address character by character, at least at the beginning and the end, because malware swaps addresses copied to the clipboard. For later transfers from your own wallet you will also need some ether to pay the network fee. An overview of tested devices is available in our hardware wallet comparison, and for smaller amounts in our software wallet comparison.

One feature of EU rules: since December 30, 2024, the Transfer of Funds Regulation has also applied to crypto-assets. For withdrawals of more than €1,000 to a self-hosted wallet, the exchange must verify that the address belongs to you. Expect a query or a short confirmation, for example by signature or screenshot. Whether your exchange is licensed in the EU as a crypto-asset service provider under MiCA is shown in our overview of regulated crypto exchanges.

Self-custody and tax: the holding period keeps running after the transfer

For tax purposes, moving coins from the exchange to your own wallet is not a sale. No gain or loss arises, and the one-year holding period under Section 23 of the German Income Tax Act continues to run from the original purchase date. If you sell SHIB after more than a year, any gain is tax-free in Germany. Within that period, gains remain tax-free up to an exemption limit of €1,000 a year, with all private disposal transactions counted together.

To prove this later, you need the exchange's purchase records. Download your transaction history before withdrawing the coins, and note the date, amount and destination of the withdrawal. Without these records it is hard to show the tax office when the tokens in the wallet were bought. If you made many partial purchases, a tax tool helps assign the tranches.

Leverage on SHIB at the weekend: liquidations in thin trading

Anyone trading SHIB with leverage carries a particular risk when volumes are thin. A liquidation is the forced closure of a position when the collateral posted no longer covers the losses. At $0.00000445 and five-times leverage, a fall of just under 20 percent is enough to wipe out a long position including the stake; at ten-times leverage it takes about 10 percent, roughly the distance to the low for the year.

Retail investors in Germany mostly trade crypto derivatives through CFD brokers. For them, BaFin has set a maximum leverage of 2:1 on crypto-assets. Higher leverage is mainly offered by exchanges outside that framework. Anyone using it should avoid placing stop levels directly below obvious supports such as $0.00000442, because many orders cluster there and weekend price spikes can easily trigger them.

Our view: the outflow offers support but settles nothing yet

In the editorial team's view, Sunday's exchange outflow is a friendly signal in a weak market, and no more than that. In its favour: the ten largest addresses sent only just over two billion SHIB to exchanges within 24 hours, and leveraged positions are being unwound in the futures market. Both reduce the risk of a forced sell-off.

Against it stands the scale: a net outflow of just under $89,000 compares with a market capitalisation of a good $2.6 billion, and the price marked a new low since August on the same day. As long as SHIB closes below the 20-day line at $0.00000480, the downtrend that began in early October remains intact. Earlier in the day we described the looming sixth losing week. Cryptocurrencies such as SHIB can be highly volatile, and a total loss is possible.

Shiba Inu price: above $0.00000480 the losing streak ends

Three readings will be in focus over the coming days. The first is the netflow on exchanges: if it stays negative into the middle of the week, that supports the idea of large holders who do not want to sell. The second is the level at $0.00000442, whose break would clear the way to the low for the year at $0.00000405. The third is the 20-day line at $0.00000480, above which the picture brightens.

1. Settle how you buy: if you want to add to your position, choose an exchange with an EU licence and low fees; our crypto exchange comparison gives an overview.
2. Sort out custody: SHIB you plan to hold for longer can be moved to your own wallet, after a test amount and with ether for later fees; suitable devices are listed in the hardware wallet comparison.
3. Keep your records: export your transaction history before every withdrawal so that the purchase date and holding period remain provable; the crypto tax software comparison helps with matching tranches.

(As of November 8, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)