Shibarium Exchange Holdings Drop to 86 Trillion as Price Remains Weak
Shibarium's exchange holdings fell to approximately 86.1 trillion SHIB, signaling a clear trend below the 100 trillion SHIB threshold. According to blockchain media UToday, on-chain data shows consistent reductions in SHIB holdings on centralized exchanges. This decline indicates investors are moving tokens to personal wallets, reducing immediately tradable liquidity. Exchange inflow data also showed net outflows of about -14.5 billion SHIB, with daily outflows exceeding inflows. Despite these supply changes, SHIB prices remain near $0.0000041, continuing its multi-month downtrend below key moving averages. The discrepancy between on-chain supply dynamics and price action highlights ongoing investor behavior of reducing liquidity while prices remain in a downtrend.