Shiba Inu: 87.16 trillion tokens sit on exchanges: will the $0.0000050 level hold?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The context: 87.16 trillion SHIB sit in exchange accounts, just under 14.8 percent of the circulating supply, and inflows picked up slightly again on Wednesday. What that number really says about selling pressure, which levels count now, and what a move into your own wallet triggers for tax.What is documented: around 87.16 trillion Shiba Inu sat on the venues tracked by CryptoQuant on Wednesday morning, 0.08 percent more than 24 hours earlier. Our own assessment follows further down: a balance held at an exchange is a readiness to sell, not a sale. The price stood at $0.00000521 on Wednesday evening, 1.9 percent above the previous day, with a session high of $0.00000526 and a low of $0.00000509 (CoinGecko, as of October 21, 20:43 UTC). Market value is $3.07 billion, rank 36. What is interesting this Wednesday is not the price, though, but where the tokens sit. 87.16 trillion SHIB in exchange accounts: Wednesday's reading The figure comes from CryptoQuant's exchange data, reporte...