Shiba Inu Netflow: 65 Billion Tokens Are $349,700

The analytics firm CryptoQuant reports a positive net flow of roughly 65 billion SHIB for Shiba Inu. Positive, in this calculation, means that more tokens moved onto trading venues than were withdrawn from them. The figure sounds enormous. At Sunday midday's price of $0.00000538 it comes to $349,700, which is 0.75 percent of what SHIB turns over in a day.

The finding behind the headline is therefore not that a wave of selling is building. It is that token counts at Shiba Inu are distorted by a circulating supply of 589 trillion units. Hearing billions in this coin means converting before trading. This article does the arithmetic, sets it against the price picture and shows what moving tokens into self-custody means for tax purposes in Germany.

Shiba Inu: a net 65 billion tokens to exchanges, $349,700 in money terms

CryptoQuant measures net flow as the difference between two streams: tokens arriving at exchange addresses from private ones, set against tokens leaving exchanges. The reading covers Saturday, October 10. U.Today reported it on Sunday morning and read the 65 billion as a slowdown: inflows had previously run into several hundred billion SHIB.

The direction is unchanged. The balance still points towards the exchanges, not away from them. What has changed is the pace. A fall from several hundred billion to 65 billion means the supply of sale-ready tokens is thinning, not that buyers have taken control.