Shiba Inu (SHIB) exchange reserves have declined to 87.06 trillion tokens, according to an on-chain reading published by COINOTAG, a trend the outlet describes as a sign that selling pressure around the token is easing.

An update issued on Oct. 17, 2026, at 18:15 UTC noted that a newer reading of the same on-chain record shows the withdrawal trend carrying over into Oct. 17 — this time with movement on the price side as well. SHIB climbed 3.92% over 24 hours after lifting off a low near $0.00000494 and traded near the top of its daily range at the time of the update.

Exchange reserves are a widely watched on-chain metric in cryptocurrency markets. Tokens held in wallets attributed to centralized exchanges are generally regarded as immediately available for sale, so sustained outflows — often reflecting holders moving coins into self-custody — are commonly interpreted as reducing near-term sell-side supply, though the reading is an interpretive signal rather than a direct measure of selling, since tokens moved into self-custody can still be sold later. Reserve estimates also depend on how analysts label exchange-controlled wallets, and readings can be revised as more addresses are identified; whether the withdrawal trend persists past Oct. 17 and how the 87.06 trillion figure holds up against any revisions are the details that will sharpen the picture in subsequent updates.

Shiba Inu, launched in 2020 on Ethereum, is among the most prominent dog-themed tokens in the cryptocurrency market. Its transfers settle on Ethereum's public ledger — the underlying record that makes wallet-level metrics such as the reserve reading above possible to compile.

This content was first published on COINOTAG: https://en.coinotag.com/shib-exchange-reserves-fall-87-06-trillion