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A new on-chain analysis from TKResearch Trading indicates that large holders are steadily gaining strong control over Shiba Inu available liquidity on centralized exchanges.
In its report, TKResearch stressed that Shiba Inu is entering a tightening supply phase, driven by a sharp decline in the number of tokens held on exchanges.
Massive Exchange Outflows Since December 5
According to the analysis, SHIB has recorded persistent net outflows from centralized exchanges since December 5. Over this period, investors have withdrawn roughly 80 trillion SHIB tokens, causing total exchange balances to plunge from about 370.3 trillion to nearly 290.3 trillion SHIB.
As a result, sell-side liquidity has contracted significantly. Typically, when tokens leave exchanges and move into private wallets, they become less readily available for trading. This behavior signals accumulation ahead of the next potential rebound.
Fresh Wallets Absorb Majority
Adding further context, TKResearch revealed that several newly created wallets have withdrawn approximately 82 trillion SHIB from major centralized exchanges over the past 60 days.
Notably, the data shows that precisely 82,043,494,321,205 (82.04 trillion) SHIB exited exchanges during this timeframe, with Coinbase accounting for a substantial share of these outflows. The report indicated that the accumulation occurred at around the $0.0000085 price level.
Notably, the analysis also dissects Shiba Inu’s supply structure, highlighting how increasingly constrained SHIB’s liquid supply has become. Of the 589.24 trillion SHIB in circulation, only about 290.4 trillion tokens remain on centralized exchanges. Consequently, less than half of the total circulating supply is readily available for trading.
Shiba Inu Distribution Data Reinforces Major Players’ Dominance
In addition, wallet distribution metrics from TKResearch reinforce the view that supply control is steadily consolidating among major players. Specifically, the top 100 wallets now hold 57% of the total supply, amounting to roughly 831.8 trillion SHIB. This figure represents a 15.11% increase over the past 180 days.
Further, so-called “smart money” wallets have expanded their holdings by 68.27% over the past six months to 10.01 billion, signaling growing interest from more sophisticated investors. Meanwhile, whale holdings have surged by 428% over the last 180 days, reaching 1.3 billion SHIB tokens.
Conversely, exchange-held SHIB has dropped by 23.91% during the same period, further strengthening the accumulation narrative. Moreover, SHIB balances linked to public figures have declined by 4.88% to approximately 399.92 billion tokens.
Based on this analysis, TKResearch concludes that Shiba Inu is exhibiting early signs of supply exhaustion. As investors continue to withdraw tokens from exchanges and consolidate them into large wallets, the available float for open-market trading continues to shrink. If this pattern continues, SHIB’s price dynamics could become sensitive to demand surges, as reduced liquidity often magnifies volatility.
Meanwhile, Shiba Inu is trading at $0.00000860, down 0.49% over the past 24 hours and extending its seven-day decline to 1.24%.