SHIB's Momentum Fades as Exchange Supply Rises

Shiba Inu (SHIB) has lost momentum after two strong monthly gains, and its price is currently trading above $0.00000500.

Rising exchange deposits could signal growing profit-taking among holders, which may intensify if SHIB fails to attract fresh demand.

The recent token burns have reduced supply, but demand remains a major concern for the meme coin's recovery potential.

SHIB faces stronger competition from privacy-focused cryptocurrencies, and traders now need fresh buying pressure to extend the recovery.