- The exchange reserves of Shiba Inu decreased by 200T to 85T, which indicated less sell pressure on centralized exchanges.
- SHIB is still hovering above $0.00001, yet it is still under downward pressure due to weak demand and overall market sentiment.
- Shibarium and CCIP support are meant to expand the SHIB utility and extend cross-chain and DeFi capabilities.
The Shiba Inu ecosystem is currently under construction and expansion with SHIB, BONE, LEASH, and TREAT on Shibarium, an Ethereum Layer-2 network. The integration will increase transaction speed by lowering costs. It will use Ethereum’s security with an increased ability to scale. The four tokens have been bridged to Shibarium, strengthening the network to host decentralized applications and smart contracts.
Shiba Inu developers have also urged users to be careful when verifying official contract addresses on shib.io, as there is a threat of fake tokens. Besides that, the inclusion of the Cross-Chain Interoperability Protocol (CCIP) developed by Chainlink is an indication that the project is willing to facilitate cross-chain transfers and integrations, which can expand the scope and usefulness of the SHIB ecosystem.
Exchange Reserves Continue to Decline Sharply
According to the recent charts provided by CryptoQuant, the exchange reserves have declined massively as the number of tokens has decreased by more than 200 trillion to less than 90 trillion. This indicator, which charts the amount of tokens deposited in centralized exchanges, usually shows the attitude of market participants to hold instead of selling. The significant drop in reserves can be frequently interpreted as a decrease in selling pressure and a potential indication of long-term accumulation.
Source: CryptoQuant
SHIB is changing hands slightly above $0.00001. With fewer tokens available on exchanges, the price of the token has nonetheless expressed a negative trend in 2025, indicating that the overall market mood or lack of demand could be having an effect on the weakness. Such a discrepancy suggests how hard it is to align reserve data with direct price performance.
The market trend shows that it is Bearish in the short term.
Trading view, a 15-minute chart of MEXC, indicates that SHIB has been facing a persistent downtrend, forming lower highs and lower lows. The asset has recently bounced off a low of 106,831.1 and is trading at circa 106,980.1 at the time of writing. Momentum indices such as MACD are showing signs of convergence, and the volume of trade is also increasing.
Source: MEXC
The important resistance level lies between 107,200 and 107,400 despite the bounce. The near term outlook is bearish until such a time that this area is washed out. This range is being watched by traders as SHIB attempts to seek support above psychological and technical crucial levels.
Disclaimer: The information in this press release is for informational purposes only and should not be considered financial, investment, or legal advice. Coin Crypto News does not guarantee the accuracy or reliability of the content. Readers should conduct their own research before making any decisions.
