SHIB Nears 100 Trillion Milestone as Exchange Reserves Plummet

Shiba Inu's centralized effort is paying off as exchange reserves have fallen to about 86.1 trillion SHIB, putting the network close to dropping below the 100 trillion threshold.

This milestone seemed unattainable only a short time ago due to the massive circulating supply of SHIB.

Exchange reserves show how much SHIB is kept on centralized trading platforms, and when that balance drops, it usually means that investors are taking tokens out of their private wallets, lowering the amount of liquidity available for sale.

The longer-term trend has been steadily declining, despite daily changes being relatively small at about -0.17%.