The main reason for Shiba Inu’s fall is the enormous supply on exchanges, which is finally declining.
A crucial on-chain milestone that could have a big impact on Shiba Inu’s market behavior is coming up. The total amount of SHIB held across trading platforms is currently close to 80 trillion tokens, according to exchange reserve data. Importance of this threshold This level has historically served as a significant structural threshold for the asset. Exchange balances are currently only marginally above that threshold, with about 500 billion SHIB remaining before the market might break below the long-standing barrier.
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Source: CRYPTO WORLD NETWORK NEWS
