Shiba Inu Exchange Reserve Nears Crucial 87 Trillion Threshold

Shiba Inu's exchange reserve is close to reaching 87 trillion tokens, with the current figure standing at around 86.9973 trillion SHIB.

This milestone could have implications for the price of SHIB, which has been trading around $0.00000518 after a recent spike above its 100-day EMA at $0.00000498.

The exchange reserve is considered a significant on-chain metric, as it indicates the quantity of assets stored in wallets linked to exchanges.

While this growth could potentially be beneficial for SHIB, some analysts point out that it may not necessarily lead to higher prices.