Shiba Inu: 65 billion tokens to exchanges are $349,700: What to watch now

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 Positive, in this calculation, means that more tokens moved onto trading venues than were withdrawn from them.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.