Shiba Inu’s on-chain data reveals a notable trend among SHIB holders and their interaction with exchanges. Recent figures from CryptoQuant indicate ongoing withdrawals from trading platforms, paired with a significant rise in token burns over the past few days—both pointing toward a tightening supply.
This reduction in exchange-held SHIB reflects hundreds of billions of tokens being pulled off platforms recently, continuing a pattern observed over the past year.
Major Drop in SHIB on Exchanges
Data from CryptoQuant shows SHIB exchange reserves falling noticeably as large holders withdraw substantial amounts. On January 16, reserves stood at around 82.6 trillion SHIB. By January 20, that number dropped to roughly 82.23 trillion SHIB—meaning about 370 billion SHIB left exchanges in just a few days.
Movements of this scale are typically driven by whales, not everyday traders. When whales move SHIB off exchanges, tokens are often placed in cold storage or long-term wallets, reducing the readily available supply for selling.
This recent outflow is part of a much larger trend that began in early January 2025, when exchange reserves were near 140 trillion SHIB. Since then, steady withdrawals by large holders have brought reserves down to the current level around 82.2 trillion SHIB, suggesting intentional accumulation or long-term positioning.
Whale Activity Aligns with Rising SHIB Burns
As whales pull SHIB from exchanges, burn activity across the network has also increased. Recent on-chain data shows the SHIB burn rate surged over 1,200% in the past 24 hours, with nearly 29 million SHIB permanently removed from circulation.
While not all burns are initiated by whales, large holders often contribute by sending tokens to burn addresses or using ecosystem features like Shibarium that result in burns. Data from Shibburn indicates most of the recent burns came from a single transfer of 28 million SHIB to a burn address.
According to CryptoQuant, more than 51.2 billion SHIB tokens were withdrawn from exchanges in the past 24 hours alone.
Despite these shifts, Shiba Inu’s price has yet to react decisively. At the time of writing, SHIB is trading at $0.00000794—up 1% over 24 hours but down 7.6% over the past week.
Frequently Asked Questions
FAQs Shiba Inu Whale Transactions
Beginner Questions
What is a whale in cryptocurrency
A whale is a term for an individual or entity that holds a very large amount of a specific cryptocurrency Their transactions can significantly impact the market due to the sheer size of their holdings
What happened with Shiba Inu recently
There were reports that large holders or whales moved a massive 361 billion SHIB tokens in a series of transactions This caught the communitys attention due to the scale of the movement
Why is a large transfer like this a big deal
Large transfers can signal that a major holder is preparing to sell move tokens to a different wallet for safekeeping or transfer to an exchange It creates uncertainty and often leads to increased market volatility
Where can I see these transactions
You can view large transactions on blockchain explorers like Etherscanio By searching for the SHIB token contract address you can filter for large transactions to see the movement of funds between wallets
Should I sell my SHIB because of this
This is not financial advice Whale movements are one of many factors to consider They dont always mean a price drop is imminent Its important to do your own research and not make impulsive decisions based on a single event
Advanced Analytical Questions
What are the possible intentions behind such a large transfer
Intentions can vary and are not always clear Possibilities include
Consolidation Moving tokens from multiple wallets into one main wallet
Preparing for SaleOTC Deal Transferring tokens to an exchange wallet or preparing for a large overthecounter trade
Custody Change Moving funds to a new hardware wallet or custodial service
StakingProviding Liquidity Moving tokens to a DeFi protocol to earn rewards
How can I track whale wallets and their activity
You can use onchain analytics platforms like Etherscan Nansen Arkham Intelligence or Lookonchain These tools label wallets and track the flow of funds from known exchanges whales and institutions