Reserves of 30,265,650,066 on exchanges have fallen to record levels. CryptoQuant data shows a drop from 135.4 trillion 30,265,650,066 in January to 93.5 trillion.

A wave of selling by long-term investors and a general market decline led to this drop. Meanwhile, large investors continue to accumulate their funds, and token burnings have increased.

With #Shiba Inu trading at less than 86% of its all-time high, many are wondering if the second largest meme coin can recover.

27,695,345,517