- 64 billion SHIB has left the crypto exchange today, so far.
- SBI received 1.111 trillion SHIB through Coinhako acquisition.
- Exchange reserves rose to 86.497 trillion SHIB.
Shiba Inu (SHIB) is walking two very different stories at the same time.
On the one hand, the brand is becoming more visible in Asia through major business purchases that affect one of Japan’s largest economic sectors.
On the other hand, the new data on the chain shows a new pressure to sell as more SHIB goes to the markets.
The conflicting signals have left the brand under pressure, with consumers struggling to recover despite the good parenting news.
The exchange adds pressure to the SHIB price
Shiba Inu traded at around $0.00000409 after extending its recent lows, indicating significant weakness in the cryptocurrency market.
Recent developments on the chain show that exchange has become a key factor in keeping the brand stable.
Data from CryptoQuant showed that 173.45 billion SHIB entered the cryptocurrency exchange in the last 24 years, while 271.09 billion SHIB left the exchange.
This resulted in a negative exchange of 97.64 billion SHIB, indicating that more tokens left the trading platforms than entered them.
The latest figures also show that exchange reserves rose to 86.497 trillion SHIB, showing a large pool of tokens sitting on the exchange.
In the last 10 days, data on the chain showed more than 1.4 trillion SHIB leaving the central exchange.
This outflow reduced the amount of SHIB immediately available for sale and is seen as a strong signal of accumulation.
In fact, the latest information shows a reversal of the trend.
Combined with the recent price drop, the exchange rate shows how much trading is weighing on SHIB in recent trading.
Japan’s growth strengthens SHIB’s long-term exposure
Although the number of chains has not improved in the short term, Shiba Inu has also received a significant boost in corporate exposure through events in Japan and Singapore.
SBI Holdings, one of Japan’s largest financial institutions, he recently finished finding Coinhako after receiving approval from the Monetary Authority of Singapore (MAS).
The acquisition also transferred a holding of about 1.111 trillion SHIB, worth about $4.5 million at the time.
The stock was already part of Coinhako’s customer base and exchange, meaning the acquisition did not represent a new purchase by SHIB on the open market.
Coinhako manages digital assets worth more than $164 million, with SHIB being among its largest cryptocurrency investments.
Following the acquisition, SBI expanded its presence in Southeast Asia and added another platform that offers SHIB trading against the Singapore dollar (SGD) and the US dollar (USD).
The transaction adds to Shiba Inu’s growth in Asia’s cryptocurrency-driven markets.
However, the increased exposure has not yet translated into a stronger bond in the stock price as traders continue to focus on the short-term performance of the market.
