On-chain data reveals centralized exchanges (CEXs) have shed 80 trillion SHIB since December 5, 2025, reducing total balances from 370.3 trillion to 290.3 trillion tokens. This net outflow underscores whale control over liquidity, as highlighted by TKResearch Trading.
Specific wallets withdrew 82 trillion SHIB from platforms, including Coinbase, at around $0.0000085 per token, equivalent to about 28% of exchange balances at the time, potentially positioning holders for future price surges.
🚨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
The trend aligns with broader whale activity in SHIB. For instance, separate transactions saw whales pull 53.59 billion SHIB from Coinbase on December 15, 2025, after a period of dormancy, and another extracted 169 billion tokens across six transfers in early December.
Exchange reserves dipping below key thresholds, like 82 trillion, earlier hinted at accumulation, reducing available supply for trading and heightening volatility potential. Current SHIB price hovers near recent lows, but sustained outflows often precede bullish reversals in meme coin cycles.
Liquidity Alone Has Not Driven SHIB Price Higher
The large exchange outflows did not immediately mean a sustained price rally. SHIB has continued to face pressure from other crypto market conditions, including changes in Bitcoin sentiment and reduced risk appetite across speculative assets. While shrinking exchange reserves reduced immediate sell-side liquidity, demand has not consistently matched the pace of whale accumulation.
For investors, this means that reduced exchange supply can create conditions for stronger price moves, but only if buying interest accelerates at the same time.
Also Read: Ethereum Meme Coin Little Pepe Crosses $25M, Announces 15 ETH Giveaway
Implications for SHIB market dynamics
Reduced exchange liquidity limits immediate selling pressure, favouring long-term holders. Analysts link this to strategic positioning amid Ethereum’s Pectra upgrade and broader Web3 momentum, though SHIB faces bearish short-term indicators like declining RSI.
Whale moves mirror patterns in Solana’s RWA tokenization surge, where institutional flows bolster resilience. TKResearch warns of potential volatility spikes if inflows reverse, but current data points to controlled scarcity. Community sentiment on platforms like X amplifies bullish narratives, echoing the outflow stats.
While the SHIB outflows signal controlled scarcity and long-term holding, the broader crypto market shows mixed whale sentiment.
Recent reports indicate $2.4 billion in BTC/ETH moved to Binance, suggesting potential sell pressure amid weak demand. However, a contrasting move saw a $120 million Ethereum ICO whale shift their entire holding into staking, underscoring enduring long-term network conviction.
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