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Shiba Inu 700 percent surge scenario as thin exchange liquidity could fuel jump

An analysis said Shiba Inu (SHIB) could post a 700 percent surge with just $350 million in concentrated buying if exchange liquidity remains thin. On-chain data put the value of SHIB exchange reserves at about $374.3 million, with holdings of about 87.2002 trillion tokens. The report said technical signals have not confirmed a bullish turn, with SHIB below key moving averages and facing resistance at $0.00000505 to $0.00000546.