Shiba Inu Exchange Reserves Drop to Lowest Level in 2025
Shiba Inu Price Movement
- Shiba Inu is currently trading above $0.000012, indicating potential for a breakout after weeks of stagnant movement.
- Exchange reserves have dropped to 84.55 trillion tokens, valued at approximately $998 million, marking the lowest level since 2023.
- This decline in exchange reserves suggests reduced selling pressure as tokens move into self-custody or staking.
Market Implications
- The reduction in available tokens on exchanges could lead to a strong accumulation phase, potentially setting the stage for a price rally.
- Historical data shows that Shiba Inu has consistently performed well in October, even during bear markets.
- Analysts suggest that current trends may result in a significant rally, continuing Shiba Inu's pattern of positive October performances.
At the time of reporting, Shiba Inu is priced at $0.00001261, reflecting a 2.4% increase over the past 24 hours.
