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- Whales removed 80 trillion SHIB from exchanges, reducing overall trading liquidity significantly.
- New wallets accumulated massive SHIB supplies, increasing whale influence over market supply dynamics.
The massive outflow of Shiba Inu from exchanges in the past two months has changed the market’s liquidity landscape. According to TKResearch Trading, since December 5, about 80 trillion SHIB has been recorded leaving various exchanges, reducing the total balance from 370.3 trillion to 290.3 trillion tokens.
In the past 60 days alone, new wallets withdrew 82 trillion SHIB from CEXs like Coinbase at around $0.0000085. This amount equates to 28% of the total SHIB supply available on exchanges at that time. With the dwindling supply, control of liquidity is slowly shifting into the hands of large investors.
On the other hand, data also shows that this outflow is not simply a simple asset transfer. Many new wallets are withdrawing trillions of tokens, indicating a phase of planned accumulation. The market still sees large inflows and outflows of SHIB from time to time, but the underlying trend remains a reduction in the supply on exchanges.
🚨Big Players Control Supply: $SHIB Exchange Liquidity Nearly Locked
📊 $SHIB Supply Breakdown
🔸Circulating Supply: 589.24T $SHIB (Coinmarketcap)
🔸Supply on Exchange: 290.4T $SHIB
⇒ Net Circulating Supply (excluding exchanges): 289T SHIBDiscover more below 👇 pic.twitter.com/kTtAnDjOmI
— TKResearch Trading (@TKR_Trading) January 12, 2026
Shiba Inu Whales Tighten Their Grip on Exchange Liquidity
Shiba Inu whale activity has become increasingly intense in recent weeks. Large-value transfers occurred repeatedly, indicating that well-capitalized investors were reorganizing their positions.
Furthermore, the reduction in balances on exchanges tightened liquidity. Under these conditions, even a single large transaction could have a significant impact on the price.
However, the market didn’t move entirely in one direction. There were moments when tens of trillions of SHIB also re-entered exchanges, usually interpreted as potential selling pressure. Despite this, the scale of outflows remained dominant.
Recent withdrawal activity from newly created wallets hinted that several large holders preferred keeping their tokens off exchanges instead of lining them up for a fast sell-off.
This change made Shiba Inu’s dynamics feel tighter. Volume on exchanges dwindled, while ownership was concentrated in specific addresses. Traders generally view this kind of setup as a recipe for sharper volatility, since one big player can move the market in an instant.
On the other hand, in early December, we reported that the Shiba Inu community finally received clarity regarding the September Shibarium hack, which resulted in the loss of 92.6 billion SHIB and 224.57 ETH.
According to on-chain analyst Shima, the hacker tipped his hand when he accidentally moved 0.0874 ETH into a hidden withdrawal address, making it possible to track him down.
A few weeks earlier, on November 20, we highlighted Shiba Inu’s partnership with Bitget to introduce a fee-free crypto card. This card allows monthly spending of up to $400 without additional fees.
Further back, in mid-September, we also reported on a major upgrade to ShibaSwap. The Shiba Inu team’s DEX has now transformed into a full-fledged multi-chain platform. Users are no longer limited to the often congested and expensive Ethereum network.
Swaps can now be made across networks such as Polygon, Avalanche, Mantle, Optimism, Arbitrum, Base, Binance Smart Chain, Celo, Gnosis, and others to follow.
Technical Setup Hints at Potential Upside Breakout
Meanwhile, from a technical perspective, analyst The Trend observes Shiba Inu pressing the upper line of a falling wedge pattern on the weekly chart. This pattern is nearing its final stage, with buying pressure slowly increasing.
According to him, bulls are beginning to show control, and if the price breaks through the resistance area, the rally target is $0.000010 to $0.000033.
As of the writing time, SHIB is trading at about $0.00000856, down 1.01% over the last 24 hours, with $22.35 million in daily spot trading volume.
