Shiba Inu Exchange Reserves Surge to Four-Month High Amid Price Decline

Shiba Inu exchange reserves have reached a four-month high, with over 88 trillion SHIB held on tracked exchanges. This marks a significant increase since June 3, when the reserves were last at this level.

The data from CryptoQuant shows that exchange netflow was positive, with more than 288 billion SHIB moving into exchanges than leaving them during the reported period. This indicates that a larger amount of the token was held on trading platforms as SHIB's price weakened.

However, the data does not reveal what happened to every token after it arrived on an exchange. Some deposits may remain untouched, while others could be used for trading or other purposes.