SHIB Reserves Fall as Traders Watch Meme Season

Exchange reserves reportedly dropped by 87.06 trillion SHIB, and net outflows surged to 33.94 billion tokens during the last 24 hours. SHIB faces resistance near 0.000498–0.000500 after an intraday decline, while support remains around 0.000490–0.000491. A reserve drop below 86 trillion SHIB could attract attention, but stronger buying demand remains essential for a recovery. SHIB faces continued selling pressure as exchange reserves decline, leaving traders watching the 86 trillion threshold and possible demand during a renewed meme season.

Source: Crypto Front News