Shiba Inu Price Surge Could Be Imminent as Exchange Reserve
The Shiba Inu (SHIB) ecosystem has encountered a volatile few months. The asset was seen recovering today after dropping by 21% throughout the past 30 days. Despite encountering a positive rise during the final months of 2024, the meme coin failed to carry the trend into 2025. SHIB has been struggling to jump back on the bullish wagon. Amidst this, a recent on-chain metric highlighted how the asset could witness a potential uptick in the near future. Also Read: Magnificent 7 Stocks Are At Their Cheapest: Buy These 3 For Max Future Gains Shiba Inu’s Current Market Source: Watcher Guru At the time of writing, the second largest meme coin was trading at $0.00001304. This comes after a 2.35% rise over the past 24 hours. This surge came as a shock to the market as most assets were seen drowning in losses. Source: CoinMarketCap Apart from this, another positive news emerged in the Shiba Inu market. On March 16, the Shiba Inu exchange reserve dropped to a new all-time low of 93.573 trill...