Shiba Inu Exchange Reserves Surge Past $88 Trillion

Shiba Inu's exchange reserves have reached an impressive milestone, nearing $88 trillion on September 27. This surge in exchange balances comes as SHIB experienced a slight decline of 0.540% for the day.

The total exchange-reserve balance was approximately 87,793,800,000,000 SHIB, accounting for about 14.9% of the token's circulating supply of around 589.24 trillion tokens.

Exchange netflows exceeded $75 billion over the preceding 24 hours, indicating a significant influx of tokens onto exchanges. However, it is essential to note that this does not necessarily mean holders are selling their tokens or intend to do so.