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Shiba Inu exchange reserve nears 88 trillion SHIB, signaling bearish outlook
According to on-chain analytics platform CryptoQuant, Shiba Inu's exchange reserve surged to approximately 87.7938 trillion SHIB as of September 27, marking a substantial increase from the previous day. This rise, coupled with a positive netflow of over 75 billion SHIB to exchanges in the last 24 hours, suggests intensifying selling pressure and less buying activity, which could further stall the token's price recovery. SHIB is currently trading around $0.000005883.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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