SHIB exchange reserves reach 87.16 trillion as inflows surpass outflows

Shiba Inu is currently trading near $0.00000516, with recent exchange data highlighting trends that could shape its short-term outlook. Market analytics show that the total SHIB held on exchanges has climbed to approximately 87.16 trillion tokens, reflecting a 0.08% increase over the last 24 hours. This rise is notable as coins held on exchanges are typically viewed as available for selling, making this metric a key indicator of potential market moves. Further insights into the token’s status come from inflow and outflow data. Over the past day, total inflow to exchanges reached 344.17 billion SHIB, marking a 2.36% increase.

Source: CoinTurk News