Shiba Inu Exchange Reserves Approach 87 Trillion SHIB as Selling Risk Grows

What to Know

• Shiba Inu exchange reserves stand near 87 trillion SHIB, increasing concerns about available supply and potential selling pressure across markets.
• Positive netflows and weaker average withdrawals indicate exchange deposits remain stronger, limiting evidence of investors moving SHIB into private custody.
• SHIB holds support near $0.00000518, while the 200-day EMA at $0.00000570 remains the main barrier restricting stronger price recovery efforts.

Shiba Inu has nearly 87 trillion SHIB sitting on exchanges, raising concerns about potential selling pressure across the market. According to the latest on-chain data, exchange reserves stand near 86.9973 trillion SHIB, leaving roughly 2.7 billion tokens before crossing the threshold.

Moreover, reserves increased by 0.04% during the latest 24-hour period, making a move above 87 trillion SHIB possible. Exchange reserves track tokens stored in exchange-linked wallets, where holders can trade or sell their assets.

Therefore, sustained reserve growth often signals rising available supply, while falling balances may reflect transfers into private custody. SHIB inflows reached 271.53 billion tokens, compared with outflows of 222.25 billion SHIB. Consequently, netflow remained positive at approximately 34.47 billion SHIB, showing that deposits maintained an advantage over withdrawals.

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Weak Withdrawals Add Pressure Around Key SHIB Support

Withdrawal figures provide little evidence that investors are removing enough tokens to reverse the reserve increase. The seven-day moving average for mean exchange outflows dropped 40.62% to approximately 502.1 million SHIB.

Meanwhile, overall outflows increased 0.5%, while ordinary mean outflows recorded a similar 0.51% increase. These mixed figures suggest withdrawals remain active, although they lack enough strength to reduce exchange balances substantially.

Significantly, the approaching reserve milestone comes as SHIB attempts to hold a technical support area. Shiba Inu trades near $0.00000518 following its recovery from the $0.000005 region.

Source: TradingView

Its price remains close to the short-term average at $0.00000501 and the 100-day exponential moving average at $0.00000498. Hence, buyers have protected immediate support, although SHIB has not developed strong momentum above nearby resistance.

The relative strength index stands near 54, reflecting neutral conditions with a modest bullish bias. Additionally, the 200-day exponential moving average at $0.00000570 remains the largest technical barrier above the current price. A move above that level faced rejection, allowing sellers to push SHIB beneath resistance again.

Conclusion

Crossing 87 trillion SHIB would remain psychological, but sustained reserve growth could strengthen selling pressure. However, stronger withdrawals or declining deposits could ease risk and support SHIB around its technical levels.

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