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Shiba Inu profits supply falls 62 percent as price slides

Shiba Inu has fallen sharply in a short period, surrendering most of its recent gains as buying sentiment cooled after a brief rally. On-chain data show that profitable SHIB supply dropped about 62 percent in the past week, leaving about 57 trillion tokens in profit. Exchange net position change data show increasing inflows and rising exchange balances. The token is trading near $0.00000857, just above a key support level at $0.00000836.