Looking at network activity helps explain what’s been happening with the price. We saw a jump in active addresses – around 22,000 to 23,000 – when the price hit its highest point around $0.00000640 on April 16-18. A similar increase in active addresses (around 22,500) happened with another price increase on April 24-25. Both times, these increases in activity were followed by selling pressure, with people moving their SHIB to exchanges to sell. As activity died down, the number of active addresses dropped back to between 1,500 and 2,500, and the price followed suit. Currently, on May 2nd, there are 1,900 active addresses, and exchange reserves are at 81.8 trillion, indicating a large supply with limited buying interest.