Shiba Inu token sees 148 billion withdrawal as price holds near

Shiba Inu (SHIB) price stayed around $0.000004, down 0.54% in the past 24 hours, as holders moved 148.7 billion tokens from exchange wallets to private storage, a shift that could tighten on‑chain supply while sell‑side pressure eases【1】.

Exchange outflows and liquidity impact

The Currency Analytics report notes that 148.7 billion SHIB were withdrawn from exchanges, a volume that removes a sizable chunk of readily tradable supply. When tokens leave exchange wallets, the immediate liquidity pool shrinks, which can amplify price moves if buying interest resurfaces. The same report observes a concurrent decline in selling volume, suggesting that fewer holders are looking to dump SHIB in the short term【2】. Together, these dynamics point to a potential shift from short‑term trading to longer‑term holding among large wallets.

Price context and market depth

CoinMarketCap lists SHIB’s circulating supply at 589.24 trillion tokens and a market cap of $2.44 billion, placing the token at rank #33. The current price is only marginally lower than yesterday’s level, indicating that the recent outflow has not yet triggered a sharp price swing. Historically, SHIB’s price has been volatile, but the recent stabilization around $0.000004 suggests that the market is absorbing the reduced supply without immediate downward pressure.

On‑chain sentiment signals

The withdrawal aligns with a broader pattern where reduced exchange balances often precede periods of quieter price action. While the outflow alone does not guarantee a rally, the combination of tighter supply and lower sell pressure creates a more favorable environment for price stability or modest upside, provided demand holds steady. Traders will be watching whether additional large withdrawals follow, which could reinforce the emerging supply‑tightening narrative.

What to watch

• Further exchange outflows – additional large‑scale withdrawals could deepen supply constraints.
• Selling volume trends – a continued decline would reinforce the bullish tilt of the market.
• Key price thresholds – $0.0000045 resistance and $0.0000035 support may act as short‑term pivots.

The significance of the 148.7 billion token pull‑back lies in its potential to reshape SHIB’s liquidity landscape, but whether this will translate into sustained price appreciation remains an open question, hinging on future on‑chain flows and buying interest.