Shiba Inu's exchange reserves dropped 6.81% in 24 hours to $331.96 million, pushing the valuation closer to a four-year low threshold as SHIB price weakened. According to CryptoQuant, around 86 trillion SHIB tokens remain on exchanges, while the dollar value of holdings fell significantly. The token balance on exchanges decreased by only 0.05%, indicating that falling prices were the main driver of the decline.
Negative exchange netflows continued, with approximately 45.9 billion SHIB leaving trading platforms during the reporting period. CryptoQuant figures suggest exchange holdings could fall below $300 million for the first time in about four years. At the quoted price near $0.00000394, SHIB would need to decline toward $0.0000035 — an additional drop of about 11% — to approach that threshold.
On November 14, SHIB fell toward $0.0000037 and broke below its previous July low of $0.00000413. TradingView data showed the Relative Strength Index dropped below 30, entering technically oversold territory. A modest rebound followed, but trading volume displayed limited evidence of stronger buying activity, leaving SHIB vulnerable to further fluctuations across the broader altcoin market.
