Shiba Inu Exchange Reserves Near 87 Trillion Threshold Amid Growing Selling Pressure

Shiba Inu exchange reserves have reached nearly 87 trillion SHIB, prompting concerns about potential selling pressure. According to on-chain data, approximately 86.9973 trillion tokens are held in wallets associated with cryptocurrency exchanges.

The increase of 0.04% over the last 24 hours has brought the market close to this milestone. To exceed 87 trillion SHIB, exchange reserves would need a further influx of around 2.7 billion SHIB.

Recent flow data shows that SHIB inflows reached 271.53 billion tokens, while outflows stood at 222.25 billion SHIB. This resulted in a netflow of approximately 34.47 billion SHIB, indicating deposits continued to exceed withdrawals.