Shiba Inu trades at $0.00000510 as exchange supply rises to 87.2 trillion SHIB

Shiba Inu, one of the most actively traded meme tokens, is currently priced at $0.00000510. The token recovered from a daily low of $0.00000493 but remains just above a critical price threshold, while exchange data indicates increasing supply on trading platforms. Total SHIB reserves held on exchanges climbed to 87.2364 trillion tokens, up by 0.06% over the last 24 hours. This pool is now valued at approximately $441.4 million, reflecting a 0.86% increase. Data shows a net inflow of 53.8 billion SHIB to exchanges in the same period, with inflows totaling 256.4 billion SHIB and outflows at 202.6 billion SHIB—representing a 3.69% day-over-day rise in net inflow. Large net inflows of coins to exchanges can signal a possible increase in selling pressure.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.