Exchange Reserves Plummet, Does Shiba Inu’s Price Hold above $0.00001?

The amount of Shiba Inu (SHIB) held by cryptocurrency exchanges has dramatically decreased, falling from 200 trillion to just 85 trillion. This suggests a decrease in selling pressure and potential for long-term accumulation. Despite this reduction, SHIB remains hovering above $0.00001, but it faces downward pressure driven by weak demand and general market sentiment. The Shiba Inu ecosystem is actively developing with several tokens – BONE, LEASH, and TREAT – gaining traction on Shibarium, an Ethereum Layer-2 network. This integration will improve transaction speed and scalability while leveraging the security of Ethereum.