Shiba Inu’s recent price fluctuations have sparked a wave of optimism among traders despite a steep decline in its value. Recent statistics indicate that this popular cryptocurrency has fallen by about 63%, prompting adjustments in trader behavior. Notably, there is a significant decrease in exchange reserves, which has caught the attention of the market.
How Low Are SHIB’s Exchange Reserves?
Current data reveals that Shiba Inu’s exchange reserves have plummeted to an unprecedented low of 93,573 trillion tokens, which accounts for merely 15.88% of the total circulating supply. This trend suggests that traders are opting to withdraw their tokens from exchanges, signaling a shift towards long-term holding strategies.
Can SHIB Reach New Price Targets?
The cryptocurrency saw a recovery of roughly 10% after finding support around $0.00001201 on March 14, 2025, climbing to $0.00001322. Financial expert Javon Marks has pointed out that if momentum continues, Shiba Inu could potentially hit a price target of $0.000081, contingent on favorable technical indicators and increased buying interest.
Key insights emerging from the current analysis include:
- Decrease in exchange reserves indicates a trend towards long-term holding.
- 1.09 million addresses have held Shiba Inu tokens for over a year.
- Withdrawal of tokens from exchanges may lead to reduced selling pressure.
- Positive price recovery could signal strong market support.
As traders pay close attention to Shiba Inu’s price movements, they are weighing the implications of market forces and broader economic conditions. Current trends indicate a plausible short-term support for this digital asset, fueling hopes of further recovery.
