Growth
SHIB Network Activity Improves Despite Exchange Reserves Increase
Shiba Inu (SHIB) has recovered above a critical price level, reaching around $0.00000510. Network activity remained steady, with transaction counts and active addresses increasing slightly. However, exchange reserves have grown to 87.2364 trillion SHIB, with inflows exceeding outflows by nearly 54 billion SHIB. This has raised concerns about potential selling pressure, as coins held on trading platforms can be more easily sold, potentially weighing on the price near resistance zones. Despite the exchange activity, network metrics show continued user interaction and modest gains in transaction counts and active addresses.