Shiba Inu saw 4.8 billion tokens flood into exchanges in 24 hours as $SHIB slipped 2% to start April, per Arkham Intelligence data.
Billions of Shiba Inu tokens shifted across centralized exchanges on the first day of April. The movement drew attention from on-chain watchers tracking $SHIB as the memecoin slipped into the red to open the new month.
Blockchain analytics platform Arkham Intelligence recorded a net inflow of 4.8 billion SHIB into exchanges over a 24-hour window. At current prices, that volume carries a value of roughly $27,000.
Revolut and Binance Drive the Biggest Moves
The gross token movements were far larger than the net figure suggests. Revolut was at the center of it. One of its wallets received approximately 849.21 billion SHIB during the period, though Arkham’s data points to the transfer being internal, originating from another Revolut-controlled address.
Binance took in 177.05 billion SHIB. Bitstamp followed with inflows of 163.64 billion. Wintermute, Bybit, and OKX also posted notable inflows in the same window, as TheCryptoBasic reported on X.
The outflow side told a similar story. Revolut moved out roughly 849 billion SHIB from one of its wallets. Bitstamp saw 194.39 billion leave, while Binance posted outflows of 129.48 billion. Bithumb and Robinhood registered withdrawals of 70.75 billion and 69.51 billion SHIB respectively. Kraken, OKX, Crypto.com, and Wintermute each also saw billions exit.
After all the back-and-forth, net exchange balances rose by about 4.8 billion SHIB.
April History Is a Mixed Bag for SHIB
The SHIB exchange flow data on Arkham Intelligence shows these movements landed right at the start of a month with a complicated track record for the token.
Historical data from CryptoRank puts SHIB’s average April return at 3.16%. The median, though, sits at negative 4.26%. That gap says something. April 2021 remains the outlier, when SHIB surged 69.4%. What followed was a string of losses: down 22% in 2022, off 6.41% in 2023, and another 26.9% drop in 2024. Last year ended the skid with a 6.92% gain.
SHIB has already dipped 2.12% in the first days of this April. The token was trading around $0.000005802 at time of writing, down 2.27% over 24 hours.
The Numbers Behind the Net Flow
The raw inflow and outflow figures are worth separating from the net number. Most of the gross volume reflects internal transfers or routine exchange activity rather than fresh selling pressure hitting the market.
Still, net exchange inflows generally signal tokens moving closer to potential sale. As TheCryptoBasic noted on X, the Revolut, Binance, and Bitstamp movements drove the bulk of the net figure. The roughly 5 billion SHIB that ended up adding to exchange balances is a fraction of the hundreds of billions that moved in total.
For context on what larger SHIB exchange movements have historically signaled, on-chain observers have previously tracked shifts in open interest and derivatives positioning alongside net flow data.
Whether April follows the average or the median is the open question. The month’s early decline puts it on the negative path for now, though five weeks remain. Price action near $0.0000058 keeps SHIB below the $0.000006 level it held before the month began.
The token’s April trajectory has previously drawn attention around its longer-term exchange flow patterns and what they indicate about holder sentiment.
Disclaimer: This article is purely news-based and does not constitute financial or investment advice. The price analysis reflects information from cited sources and is the writer’s interpretation of available data.
