85 Trillion Shiba Inu Threshold Back in Play: How Long Till SHIB Removes a Zero?

Amid the intense selling pressure facing the broad crypto market, Shiba Inu appears to be showing a different signal, although its price action remains affected. Latest onchain data from crypto analytics platform CryptoQuant shows that Shiba Inu has continued to raise doubts among traders following consistent rejection of expected breakouts, while exchange activity shows that bull traders are in action. Despite the broader crypto market selling pressure, the data shows that the amount of SHIB tokens held across all crypto exchanges has reduced to about 85 trillion SHIB as of October 31. This marks a substantial decline from the 87 trillion zone seen in the previous days, suggesting that demand may be outweighing sell activity on the asset.

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