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Shiba Inu exchange holdings near $400 million threshold as short-term rebound seen as limited

Shiba Inu (SHIB) holdings on centralised exchanges are increasingly likely to fall below $400 million in dollar terms, an analysis said. The drop is seen as driven mainly by a decline in SHIB’s price rather than large-scale investor withdrawals. SHIB has tried to rebound on rising volume but failed to break key resistance levels and has turned weak again. On-chain activity appears relatively steady, with slight increases in addresses and transactions.