Shiba Inu Exchange Reserves Plummet Below $400 Million

Shiba Inu's exchange reserves have taken a hit, falling to $414.8 million, a significant decline from previous levels.

The main reason behind this drop is the weakening price of SHIB ($0.00 · Live), which has made it more challenging for investors to hold onto their coins.

According to data, the 100-day moving average of $0.0000050 has become a critical resistance level in the short term, further contributing to the downward trend.