Shiba Inu’s supply on centralized exchanges is nearing a key level of 82 trillion SHIB. After several months of fluctuating token movements – with some tokens leaving exchanges and others being added – data now shows exchanges hold around 81.9 to 82.3 trillion SHIB. This shift in where SHIB is held is a notable change for the cryptocurrency.
Shiba Inu’s supply grows
This matters because exchange reserves represent tokens that can be quickly sold. When a large amount of SHIB moves onto centralized exchanges, it’s often seen as a sign that more people are looking to sell. Traders and large holders (whales) usually transfer their assets to exchanges when they want to shift funds, lessen their holdings, or cash in profits. Historically, when SHIB’s price growth slows and selling increases, the amount of SHIB held on exchanges has tended to rise above 82 trillion.
The situation is more complicated than just a sign of falling prices. We’ve also seen a lot of cryptocurrency leaving exchanges recently, and the movement of funds on those exchanges is unpredictable. Some experts believe long-term investors are still buying, even with increased selling. However, others see the price returning to 82 trillion as evidence that sellers are starting to dominate the market in the short term.
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Looking at the price chart, it’s clear SHIB has been quite volatile. After a significant downturn over several months, it started to form a potential base in March and April. We then saw a rising triangle pattern develop, with price bouncing between resistance around $0.0000064 and $0.0000065, and finding support around $0.0000060. Unfortunately, the recent attempt to break through that resistance failed, and the price has fallen back below it. This suggests that, currently, buyers aren’t strong enough to drive a sustained price increase.
Supported movement
SHIB is still trading with upward momentum, staying above its recent support level and 20-day average. Although the recent price increases have slowed, the trend hasn’t reversed, and the asset isn’t currently oversold.
The biggest challenge right now is the large amount of SHIB available. Unless demand increases significantly, any price increases might be quickly met with selling, as over 82 trillion SHIB are currently held on exchanges. If the price can clearly break above $0.0000065, it could move towards the 200-day moving average around $0.0000075. However, if the price falls below $0.0000060, the current positive trend is likely to end, and SHIB could enter a long period of sideways trading.
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2026-05-16 06:15