Shiba Inu recorded heightened exchange activity as April opened with mixed momentum. Blockchain data showed large token movements between major platforms within 24 hours. These flows reflected shifting liquidity rather than clear directional conviction. Early price action signaled caution despite historically favorable April trends.
Exchange Flows Highlight Intense SHIB Activity
Arkham Intelligence reported that roughly 4.8 billion SHIB moved into exchanges over the past day. The inflows carried an estimated value of $27,000 at current prices. Data showed that several major platforms drove this activity through significant transfers.
Revolut accounted for the largest share of inflows during the period. One of its wallets received about 849.21 billion SHIB. However, Arkham data indicated this transfer likely remained internal between Revolut-controlled wallets.
Binance and Bitstamp followed with notable inflows of 177.05 billion and 163.64 billion SHIB. Other platforms, including Wintermute, Bybit, and OKX, also recorded substantial incoming transfers.
At the same time, exchanges processed large outgoing transactions. Revolut again led activity, moving approximately 849 billion SHIB out of its wallets. Bitstamp recorded 194.39 billion SHIB in outflows, while Binance processed 129.48 billion SHIB leaving its platform.
Bithumb and Robinhood also reported withdrawals of 70.75 billion and 69.51 billion SHIB. Additional outflows came from Kraken, OKX, Crypto.com, and Wintermute. Despite heavy two-way flows, net inflows reached about 4.8 billion SHIB.
Shiba Inu April Performance History Offers Mixed Signals
The surge in exchange flows coincided with the start of April, a historically inconsistent month for SHIB. Early performance showed weakness, with the token dropping 2.12% and slipping below $0.000006.
Historical data from CryptoRank suggested that April still delivers an average return of 3.16%. However, median performance remains negative at 4.26%, reflecting uneven outcomes across years.
April 2021 stands as SHIB’s strongest performance, with a 69.4% surge. In contrast, the token posted declines of 22%, 6.41%, and 26.9% between 2022 and 2024. The asset rebounded in the following year with a 6.92% gain.
Current market behavior reflects uncertainty rather than a defined trend. The early-month losses do not determine full-month performance. As a result, market participants continue to monitor exchange flows and price stability closely.
At the time of writing, SHIB is trading at $0.00000609, up 6.01% over the past 24 hours.
Source: https://coinpaper.com/15945/shiba-inu-sees-4-8-billion-token-inflows-to-exchanges-as-april-begins