Shiba Inu's Exchange Reserve Nears Critical 87 Trillion Threshold

Shiba Inu's exchange reserve has been steadily decreasing, but it's now close to reaching an important milestone. With around 86.9973 trillion SHIB in its reserve, the metric is just about 2.7 billion tokens away from hitting 87 trillion. This development may not be entirely bullish for SHIB, as a larger reserve could indicate more supply available for trading and potential sale.

However, exchange reserves can grow without any significant transfers, increasing by 0.04% in the last 24 hours alone. At this point, the overall flow picture is positive, with total inflows of 271.53 billion SHIB and outflows of 222.25 billion SHIB, resulting in a netflow of about 34.47 billion SHIB.

Despite the current trend, there are conflicting signals. The seven-day moving average of mean exchange outflows has fallen by 40.62%, indicating no significant withdrawal wave to deplete exchange reserves.