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- Shiba Inu reserves on exchanges hit record lows as long-term holders sell.
- Whales accumulate 58.38% of total supply, signaling confidence in future price growth.
- Burn rate surges, reducing supply and increasing scarcity for potential long-term gains.
Reserves on exchanges for Shiba Inu — SHIB, have dropped to record lows. CryptoQuant data shows a fall from 135.4 trillion SHIB in January to 93.5 trillion. A wave of selling by long-term holders and a broader market decline triggered this drop. Meanwhile, large investors continue to accumulate, and token burns have surged. With Shiba Inu trading over 80% below the all-time high, many wonder if the second-largest memecoin can recover.
Shiba Inu Reserves Drop as Holders Exit
Shiba Inu reserves on exchanges have declined for years. In April 2022, exchange wallets held over 200 trillion SHIB. By February 2024, that number had dropped to 165.8 trillion. The latest data shows a further plunge to 93.5 trillion, marking an all-time low. The price of Shiba Inu has followed the same trend. Since December 2024, the value has fallen 60%, dropping from $0.0000329 to $0.000013.
Many long-term holders who bought in 2021 have taken profits at key price levels. Glassnode data confirms these early investors sold 20% of the total supply, creating strong selling pressure. As retail traders sell, large holders have increased their positions. Five major investors now control 58.38% of the total supply. Their wallets hold over 574.83 trillion SHIB, showing strong confidence in future growth.
Burn Rate Surges as Supply Shrinks
Shiba Inu reserves are not just moving off exchanges. Many tokens are being permanently removed from circulation. In 24 hours, the burn rate jumped 49,552%, according to Shibburn data. One whale burned 12.13 million SHIB in a single transaction. Days earlier, another burn destroyed 503.3 million tokens, including a single transfer of 459.3 million.
With fewer tokens available on exchanges and massive burns reducing supply, scarcity is increasing. If demand stays strong, prices could benefit in the long run. For now, whale activity will play a key role in the next price move. A spike in inflows could signal a market bottom, making Shiba Inu a potential buying opportunity.
