SHIB Exchange Reserve Nears 87 Trillion Milestone

Shiba Inu's (SHIB) exchange reserve is on the verge of breaking down the 87 trillion threshold, but it's not necessarily a bullish sign for the cryptocurrency.

The current reserve stands at approximately 86.9973 trillion SHIB, just 2.7 billion tokens away from reaching the significant milestone.

Exchange reserves quantify the quantity of assets stored in wallets linked to exchanges, and sustained growth typically indicates that more supply is immediately available for trading and possible sale.

However, in this case, such a development would not necessarily be advantageous for SHIB, as it could lead to an increased availability of tokens on the market, potentially putting downward pressure on its price.

The overall flow picture also favors exchanges, with total inflows at 271.53 billion SHIB and total outflows at 222.25 billion SHIB, resulting in a netflow of about 34.47 billion SHIB.