- Massive SHIB inflows into Coinbase fuel price surge and activity
- SHIB jumps 3.9% as billions move onto Coinbase exchange
- Rising SHIB deposits on Coinbase boost liquidity and trading momentum
Shiba Inu recorded a sharp rise in activity as billions of tokens moved onto Coinbase within hours. Market data shows that 26 billion SHIB flowed into the exchange in 24 hours. This surge has aligned with a noticeable price increase, drawing attention from traders. CoinGlass data highlights Coinbase as the leading platform for SHIB net inflows during this period. The inflow reached an estimated value of about $155,000. This shift reflects a strong increase in deposits compared to withdrawals on the exchange.
Moreover, positive netflows often indicate growing user engagement on a platform. In many cases, traders deposit tokens to prepare for active trading or repositioning. At the same time, SHIB’s price climbed by more than 3.9%, reaching around $0.0000059. This move occurred alongside an 11% increase in trading volume. Together, these metrics suggest stronger short-term participation in the market.
Additionally, the surge in deposits appears concentrated among U.S.-based users. Coinbase remains a key platform for this segment of the market. As a result, regional demand has played a role in driving recent momentum.
Also Read: XRP Signals Massive Buy Zone as Analyst Reveals Critical Support Level
Coinbase Inflows Drive Momentum While Other Exchanges See Outflows
While Coinbase recorded strong inflows, other exchanges showed the opposite trend. Upbit posted a significant negative netflow exceeding $483,000. This indicates that users withdrew SHIB from the platform during the same timeframe. Similarly, OKX registered negative flows of around $358,500. These outflows suggest that some traders may be reducing exposure or moving assets elsewhere. Therefore, exchange activity reflects mixed positioning across the broader market.
Besides exchange flows, on-chain data adds further context to the current movement. The Shiba Inu burn rate surged by 370% over the past day. This increase reduces circulating supply and can influence market dynamics. However, SHIB continues to trade within a consolidation range despite recent gains. Price action remains near key support levels, limiting stronger breakout attempts. Hence, traders are monitoring whether buying pressure will continue.
Furthermore, recent developments across the crypto sector have supported cautious optimism. Regulatory clarity and ecosystem progress continue to influence sentiment. These factors may contribute to sustained interest if momentum holds. The large inflow of SHIB into Coinbase has coincided with a notable price increase and rising volume. While this trend highlights strong localized demand, mixed signals from other exchanges indicate a balanced market outlook.
Also Read: Top Analyst Signals ‘Strong Buying Opportunity for XRP’ Before Its Run to $10
