Shiba Inu Supply Crunch: 80 Trillion Tokens Exit Exchanges as Whales Accumulate

TLDR:

• Exchange reserves plummeted from 370.3T to 290.3T SHIB tokens, removing significant sell-side liquidity.
• Fresh wallets withdrew 82T SHIB from centralized exchanges over 60 days, mainly from Coinbase at $0.0000085.
• Top 100 wallets increased holdings by 15.11% to control 57% of total supply, showing concentration growth.
• Whale accumulation surged 428% while smart money wallets expanded 68.27%, signaling institutional interest.

Shiba Inu is experiencing a significant supply shift as large holders remove tokens from centralized exchanges. 

Recent data shows 80 trillion SHIB exited exchanges since December 5, reducing available trading liquidity. 

This withdrawal pattern suggests major accumulation by sophisticated investors at current price levels.

Exchange Balances Drop Sharply Amid Persistent Outflows

The memecoin’s exchange reserves have declined substantially over recent weeks. Total SHIB held on centralized platforms fell from 370.3 trillion to 290.3 trillion tokens. This represents a notable contraction in sell-side pressure across major trading venues.

TKResearch Trading reported that fresh wallets withdrew approximately 82 trillion SHIB from exchanges over the past 60 days. 

Coinbase accounted for a large portion of these transfers. The accumulation occurred primarily around the $0.0000085 price point, indicating strategic positioning by new market participants.

Of the 589.24 trillion SHIB in circulation, only 290.4 trillion tokens remain on exchanges. Less than half of the total supply is now readily accessible for trading. This distribution change marks a shift in how SHIB tokens are held across the market.

Top Wallets Consolidate Control Over Available Supply

Large holders have steadily increased their share of the total token supply. The top 100 wallets now control 57% of all SHIB, amounting to roughly 831.8 trillion tokens. This concentration has grown 15.11% over the past six months.

Smart money wallets expanded their holdings by 68.27% during the same period, reaching 10.01 billion SHIB. 

Whale accumulation surged even more dramatically, increasing 428% to 1.3 billion tokens. These metrics point to growing interest from experienced market participants.

Exchange-held SHIB dropped 23.91% over the last 180 days, reinforcing the withdrawal trend. 

Meanwhile, balances linked to public figures decreased 4.88% to approximately 399.92 billion tokens. The shift away from exchange custody continues across multiple holder categories.

Technical Signals Suggest Potential Reversal Pattern

CryptoPulse highlighted emerging technical indicators on weekly charts. SHIB is trading within a falling wedge pattern accompanied by declining volume. 

The MACD indicator shows bullish divergence while RSI displays a golden cross formation.

These technical developments align with the supply dynamics observed on-chain. Price could test resistance at $0.00001042 if current patterns continue. A breakout above this level might signal the start of a new upward trend.

SHIB currently trades at $0.000008480 as of writing, reflecting a 0.65% decline over 24 hours. The token has dropped 10.62% across the past seven days. 

However, reduced exchange liquidity could amplify price movements in either direction as supply becomes more constrained.

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