SHIB Faces a Critical Test as $380 Million in Shiba Inu Sits on Exchanges

Exchanges hold 86.04 trillion tokens worth approximately $382.87 million. SHIB exchange outflows exceed inflows, but overall netflows remain relatively modest. SHIB must defend $0.00000413 to avoid further downside pressure. SHIB facing yet another test as selling pressure continues weighing on the meme coin. Around $380 million worth of SHIB currently sits on cryptocurrency exchanges. However, exchange balances tell only part of the…