534 Billion Shiba Inu (SHIB) Traded in 24 Hours: Is It the Stopping Point for the Memecoin?

534 Billion Shiba Inu (SHIB) Traded in 24 Hours: Is It the Stopping Point for the Memecoin?

News

By
Arman Shirinyan

Wed, 23/09/2026 – 10:00

Shiba Inu has finally broken through a major technical barrier that had limited its recovery for months.

Advertisement

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

• Shiba Inu overcomes the resistances
• Investors are selling

Advertisement

 SHIB has finally broken above one of its most persistent technical barriers, strengthening the recovery structure on the daily chart.

However, rising exchange reserves and a positive netflow of nearly 200 billion SHIB could put the breakout under immediate pressure.

Shiba Inu overcomes the resistances

One of the most enduring technical obstacles on Shiba Inu’s daily chart has finally been overcome, but on-chain exchange data indicates that the rally may now face significantly more selling pressure.

HOT Stories

Dogecoin (DOGE), Shiba Inu (SHIB), Near Protocol (NEAR) and Zcash (ZEC) Price Analysis For September 23: Volatility Breaks All Limits

Bitcoin Having Best September Since 2012

After a dramatic move from below $0.00000500, SHIB is currently trading around $0.00000609. The token’s most recent gain significantly lifted it above its long-term moving average, which was close to $0.00000560 and had repeatedly thwarted attempts at recovery since August.

Advertisement

Technically, the breakout appears to be significant. SHIB has established a sequence of higher lows since its June bottom around $0.00000410, while its shorter moving averages have turned upward. More importantly, the latest move above $0.00000560 arrived alongside a noticeable expansion in trading volume.

However, exchange activity poses a risk. With a current value of about $533.2 million, SHIB’s exchange reserve is nearly at the $534 million mark. The token-denominated reserve has increased by 0.22% in the last 24 hours to approximately 87.7 trillion SHIB.

Investors are selling

Meanwhile, total exchange inflows stand at approximately 477.5 billion SHIB, against roughly 286.4 billion SHIB in outflows. This results in a positive netflow of roughly 191.1 billion SHIB.

Advertisement

You Might Also Like

Wed, 09/23/2026 – 08:34

Ripple Pioneer Returns to SEC Case After Spotting Familiar Tactics Outside Crypto

ByGamza Khanzadaev

This is significant because positive exchange netflows typically indicate that more tokens are moving onto trading platforms than are leaving them. Although there is no assurance that those tokens will be sold immediately, it does increase the readily accessible supply just as SHIB is attempting to sustain a significant breakout.

Despite this, the technical structure remains far stronger than it was in September. The breakout would be maintained, and SHIB might be able to challenge the recent wick highs around $0.00000620–$0.00000630 if it holds above $0.00000560–$0.00000570. If that range is cleared, the route toward the May resistance zone, located between $0.00000650 and $0.00000670, would open up.

The bearish scenario begins if buyers fail to absorb the expanding exchange supply. A return below $0.00000560 would raise doubts about the breakout, while losing $0.00000520–$0.00000500 would seriously damage the current recovery structure.

As of right now, SHIB has made a significant technical breakthrough, but the first real test of whether buyers can sustain it comes as nearly half a trillion tokens move onto exchanges.

#Shiba Inu
#Shiba Inu (SHIB) Price Prediction

• Shiba Inu overcomes the resistances
• Investors are selling

Advertisement

Related articles

News
Sep 23, 2026 – 9:29

BlackRock: AI Boom Could Fuel New Crypto Demand

ByAlex Dovbnya

News
Sep 23, 2026 – 8:34

Ripple Pioneer Returns to SEC Case After Spotting Familiar Tactics Outside Crypto

ByGamza Khanzadaev

Advertisement

Advertisement

Latest Press releases

NOWPayments Releases Cross-Chain Payout Data Revealing Key Performance Benchmarks Across TRON, BNB Chain, and Solana


Multi-Asset Trading Venue Monochrome Exchange Announces IEO of Its Native Token, $MCR


Multi-Asset Trading Venue Monochrome Exchange Announces IEO of Its Native Token, $MCR

Advertisement

Recommended articles

Opinions
Sep 15, 2026 – 19:58

Clarity Act Fails Again: What It Means for Crypto


Dan Burgin

Reviews
Sep 11, 2026 – 12:20

QoreChain Review: Post-Quantum Security With Triple-VM Blockchain


Dan Burgin

GuidesMeme Coins
Sep 9, 2026 – 10:14

Top Meme Coins in September 2026: Guide


U.Today Editorial Team

Reviews
Sep 9, 2026 – 10:00

ZMO Review: How 1-Click Trading Simplifies Crypto


Dan Burgin

Crypto News Digest
Sep 2, 2026 – 14:36

Top 5 Crypto News in August: Ripple, XRP, Bitcoin, Ethereum and Shiba Inu


Dan Burgin

Price Index

Show all

Our social media
There’s a lot to see there, too

Popular articles

News
Sep 23, 2026 – 10:00

534 Billion Shiba Inu (SHIB) Traded in 24 Hours: Is It the Stopping Point for the Memecoin?

Shiba Inu Shiba Inu (SHIB) Price Prediction
Arman Shirinyan

News
Sep 23, 2026 – 9:29

BlackRock: AI Boom Could Fuel New Crypto Demand

BlackRock
Alex Dovbnya

News
Sep 23, 2026 – 8:34

Ripple Pioneer Returns to SEC Case After Spotting Familiar Tactics Outside Crypto

Ripple News XRP
Gamza Khanzadaev

Show all

Advertisement

Subscribe to daily newsletter

Advertisement

AD

Successful!

Thank you. We’ll contact you shortly.
Ok