Almost 86 Trillion SHIB: Shiba Inu Eyes Key Support Threshold

Although exchanges still hold a massive supply of Shiba Inu (SHIB) following the intense sell pressure the market faced recently, the latest exchange activity shows that this supply has begun to shrink. While recent market data shows that investors are increasingly moving tokens in and out of exchanges, the latest exchange activity shows that selling pressure is fading. Latest onchain data from a crypto analytics platform shows that the Shiba Inu exchange reserves are sitting at about 87.06 trillion SHIB, following a decline of 0.1% over the past 24 hours. While this shows that there are still substantial amounts of SHIB available for sale on exchanges, the decline shows that traders are buying amid renewed interest in the leading meme token.

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