SHIB exchange reserves fall to 85.84 trillion, price remains under pressure

Shiba Inu’s on-chain data shows a significant shift in exchange reserves, which dropped back to approximately 85.84 trillion tokens at the start of November. This reduction in available tokens on trading platforms is viewed by analysts as a potentially healthier supply condition for the meme-based cryptocurrency. Despite this, Shiba Inu’s price continues to face consistent selling pressure, offering little immediate relief to holders. Latest figures indicate that Shiba Inu (SHIB) reserves held on exchanges now stand at 85.8432 trillion tokens. The change in the past 24 hours has been minimal, with an increase of just 0.01%. However, the picture for the week reveals a visible outflow, pointing to a substantial movement of SHIB away from trading platforms and into private wallets.

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