Jan 20, 2026
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Shiba Inu Whales Withdraw 370 Billion SHIB, Boosting Burn Activity
Shiba Inu's on-chain data indicates a significant withdrawal trend from exchanges and an increase in token burn activity, suggesting tighter supply conditions.
Key Points
- SHIB exchange reserves have decreased significantly, with approximately 370 billion SHIB removed from exchanges recently. This movement is largely attributed to whale activity.
- The reduction in exchange reserves from 140 trillion tokens in January 2025 to around 82.23 trillion SHIB as of January 20 reflects a trend of long-term accumulation by large holders.
- The SHIB burn rate has surged by over 1,200% in the past 24 hours, with nearly 29 million SHIB burned. Large holders often contribute to this through mechanisms like Shibarium.
- Recent data shows over 51.2 billion SHIB tokens withdrawn from exchanges in the last 24 hours alone.
- Shiba Inu's current price is $0.00000794, a 1% increase over the past 24 hours but a 7.6% decrease over the week.
