Wondering about Shiba Inu (SHIB) holdings on exchanges? You're not alone! Investors are constantly tracking how much SHIB do exchanges have in their reserves to gauge market sentiment and potential price movements.

Let's dive into the data and explore the current state of Shiba Inu reserves among exchanges.

Shiba Inu Exchange Reserves: A Snapshot

Currently, there are over 80 trillion Shiba Inu tokens sitting on cryptocurrency exchanges, equaling approximately $635 million. The total number of coins held in the exchange is a key indicator. Keep in mind that these numbers fluctuate constantly due to trading activity.

According to recent data, Shiba Inu’s (SHIB) exchange reserves have fallen to their lowest level in years. Per data retrieved by Finbold from market intelligence platform CryptoQuant, the amount of SHIB tokens held on cryptocurrency exchanges has hit an all-time low of 85.3 . The current reserve balance across all major exchanges sits near 96 trillion SHIB.

Exchange-Specific Shiba Inu Holdings

Understanding which exchanges hold the most SHIB can provide further insight. Binance: Binance holds the highest amount of SHIB in its reserves among exchanges. The world’s largest exchange holds 56.92. Keep in mind that these figures are approximate and subject to change.

Why Exchange Reserves Matter

Tracking SHIB reserves on exchanges helps investors understand potential buying and selling pressure. As the values continue to rise in reserve, it indicates higher selling pressure and has shown an opposite effect. This information, coupled with other technical and fundamental analysis, can inform better trading decisions.

It is worth mentioning that the decrease in Shiba Inu reserves could indicate a growing number of holders moving their SHIB off exchanges, potentially signaling a long-term bullish sentiment.