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Shiba Inu supply on exchanges nears 100 trillion, signaling strong holder confidence despite price downtrend.

Technical Signals
24 Jul 2026
UToday
View Source
Neutral
pluang ai news

Shiba Inu's circulating supply on centralized exchanges has dropped to about 86.1 trillion SHIB, nearing the significant 100 trillion threshold. This decline indicates that investors are withdrawing tokens from exchanges to private wallets, reducing liquidity available for immediate sale and suggesting increased holder confidence. Despite this positive supply trend, SHIB's price remains in a prolonged downtrend, trading near $0.0000041 with bearish momentum dominating technical indicators. The divergence between on-chain fundamentals and price action highlights cautious market sentiment as holders prefer self-custody over selling.

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