Shiba Inu (SHIB) to Drop Below $400 Million Threshold in Exchange Reserves

Substantial surge of activity on Shiba Inu might actually cause a substantial sell-side supply to drop.

Arman Shirinyan · 29 Jul 2026 · 5 min read

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Shiba Inu (SHIB) to Drop Below $400 Million Threshold in Exchange Reserves

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By
Arman Shirinyan

Wed, 29/07/2026 – 13:25

Substantial surge of activity on Shiba Inu might actually cause a substantial sell-side supply to drop.

Shiba Inu (SHIB) to Drop Below $400 Million Threshold in Exchange Reserves

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Shiba Inu’s exchange reserves can decrease
Relief, not a SHIB bull run

Another significant milestone is about to be reached by Shiba Inu, but for the wrong reason this time. The dollar value of SHIB held on centralized exchanges is quickly approaching $400 million, and if market conditions don’t improve, that threshold may soon be crossed.

Shiba Inu’s exchange reserves can decrease

Although declining exchange reserves are frequently seen as a bullish indication, the current decline suggests otherwise. The main difference is that the devaluation of SHIB itself appears to be more responsible for the decline than large token withdrawals. Based on the most recent on-chain metrics, the Exchange Reserve USD is currently valued at approximately $414.8 million.

Even slight price declines could cause the total market value of exchange-held tokens to fall below $400 million because SHIB is still trading far below its annual highs. In other words, rather than because exchanges are holding noticeably fewer coins, the reserve measured in dollars is declining because each SHIB token is worth less.

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Buyers were unable to maintain the price above key resistance after it surged on unusually high trading volume, causing it to fall back below that level. SHIB is presently trading at $0.0000048, close to the 20-day and 50-day EMAs, with the 100-day EMA at $0.0000050 continuing to be the immediate barrier.

Relief, not a SHIB bull run

The most recent rally appears to be more of a relief bounce than the start of a long-term trend reversal until that level is convincingly reclaimed. The main long-term resistance remains the 200-day EMA, which is currently located close to $0.0000060. Another significant surge in buying interest would be necessary to reach that level, but it has not happened yet after the recent volume spike subsided.