Shiba Inu Price Faces Growing Pressure as Exchange Supply Shrinks

Shiba Inu is showing mounting signs of supply tightening as large holders consolidate control over available liquidity. On-chain data suggests sustained withdrawals from centralized exchanges, reducing tokens available for immediate trading. The trend reflects structured accumulation rather than short-term positioning. As liquidity contracts, SHIB’s price response to demand shifts may become sharper.

Exchange Outflows Reduce Sell-Side Liquidity

TKResearch Trading reported that Shiba Inu has entered what it described as a tightening supply phase. The firm said SHIB has recorded persistent net outflows from centralized exchanges since December 5. Over that period, investors withdrew roughly 80 trillion tokens from exchange wallets.

According to the analysis, total exchange balances fell from about 370.3 trillion SHIB to nearly 290.3 trillion. TKResearch explained that this decline has significantly reduced sell-side liquidity. Tokens moved into private wallets become less accessible for trading, which often reflects accumulation behavior ahead of potential market rebounds.

The report added that newly created wallets played a central role in the trend. TKResearch said fresh addresses withdrew approximately 82.04 trillion SHIB from major exchanges over the past 60 days. Exact figures showed 82,043,494,321,205 tokens exiting centralized platforms during that period.

Source: X

Coinbase accounted for a notable share of the outflows, according to the data. TKResearch noted that much of the accumulation occurred around the $0.0000085 price level. The firm said this pattern points to calculated positioning by larger market participants rather than random retail flows.

Wallet Concentration Signals Supply Exhaustion Risks

TKResearch also analyzed Shiba Inu’s circulating supply distribution. Of the 589.24 trillion SHIB in circulation, only about 290.4 trillion tokens remain on centralized exchanges. This means less than half of the circulating supply is readily available for open-market trading.

Wallet distribution metrics showed rising concentration among large holders. TKResearch reported that the top 100 wallets now control 57% of the total supply, equal to roughly 831.8 trillion SHIB. This share increased by 15.11% over the past 180 days.

The analysis also tracked gains among smart money and whale wallets. Smart money holdings grew by 68.27% over six months to 10.01 billion SHIB, according to the report. Whale wallets expanded balances by 428% over the same period, reaching 1.3 billion tokens.

Source: X

Meanwhile, exchange-held SHIB declined by 23.91% over 180 days. Holdings linked to public figures fell by 4.88% to around 399.92 billion tokens. TKResearch concluded that these shifts point to early signs of supply exhaustion. If demand rises amid shrinking liquidity, SHIB’s price volatility could intensify.

At the time of writing, SHIB trades at around $0.00000840, indicating a 3.20% decline in the last 24 hours.

SHIB’s price action over the past 24 hours (Source:CoinCodex)