406 Billion SHIB Leaves Exchanges as Reserves Fall to 88 Trillion Tokens
- —SHIB exchange inflows totaled 287.2 billion tokens versus 356.7 billion in outflows
- —Net exchange flow was negative at roughly 101.2 billion SHIB
- —Exchange reserves fell 0.11% to about 88.03 trillion SHIB ($519.4 million)
- —Seven-day average outflows collapsed 51.4%, active addresses rose just 0.87%
Why it matters: Falling exchange reserves cut sell-side liquidity, but without a pickup in demand a breakout above $0.0000061 remains uncertain.
Source: U.Today