Shiba Inu Exchange Reserves Near $400 Million Threshold

Shiba Inu's (SHIB) exchange reserves are nearing $400 million and may fall below this threshold if the price continues to drop. This decline is primarily driven by SHIB's price depreciation rather than a reduction in tokens on exchanges.

The recent price rally has not been enough to push SHIB above key resistance levels, resulting in a decrease in the exchange reserves' dollar value due to each token being worth less.

Investors should keep an eye out for a price recovery above the 100-day EMA, which could potentially increase the reserve value again.