Shiba Inu exchange reserves hit four-month high at 88 trillion SHIB

  • Shiba Inu recorded another reported exchange inflow of approximately 277 billion SHIB.
  • 88,076,900,000,000 SHIB previously marked the token's four-month exchange-reserve high.
  • SHIB remains above several important short- and medium-term moving averages.

Shiba Inu's exchange reserve previously climbed to 88,076,900,000,000 SHIB, its highest level since around June 3 and a four-month high, according to crypto analytics platform CryptoQuant. The data also showed positive exchange netflow exceeding 288 billion SHIB. A further reported inflow of approximately 277 billion SHIB has renewed attention on exchange activity because tokens transferred to trading platforms can become available for sale. However, the inflow alone does not establish a bearish signal under the current market structure. SHIB is trading around $0.00000570 after recovering in September from the $0.00000440-$0.00000450 region, and remains above several important short- and medium-term moving averages.

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