Shiba Inu Exchange Holdings Hit Lowest Level Since 2021 as SHIB Price Slides

Shiba Inu's exchange reserves have fallen to about 81.2 trillion tokens as of December 28, the lowest level since April 2021, while its price trades near $0.000007478 after a sharp yearly decline. The reduced exchange supply is seen by some market participants as a potential catalyst for a short-term rebound, even as burn activity slows and concerns over Shibarium's stalled development keep bearish pressure in play.