Although exchanges still hold a massive supply of Shiba Inu ($SHIB) following the intense sell pressure the market faced recently, the latest exchange activity shows that this supply has begun to shrink.
While recent market data shows that investors are increasingly moving tokens in and out of exchanges, the latest exchange activity shows that selling pressure is fading.
Shiba Inu to recover soon?
Latest onchain data from a crypto analytics platform shows that the Shiba Inu exchange reserves are sitting at about 87.06 trillion $SHIB, following a decline of 0.1% over the past 24 hours.
