Shiba Inu (SHIB) Is Back to 85 Trillion Token Range: Here's What It Means for Holders
Photo: U.Today
Shiba Inu (SHIB) exchange reserves have dropped back to about 85.84 trillion tokens in early November, a level that may be healthier for the meme coin's supply. The price, meanwhile, is still under heavy selling pressure. The latest on-chain data puts SHIB exchange reserves at 85.8432 trillion tokens, up only 0.01% over the past 24 hours. The seven-day chart tells a different story: reserves have fallen noticeably, which suggests a lot of SHIB has left trading platforms. Lower exchange reserves generally mean fewer tokens are on hand to be sold.
Source: U.Today
