Shiba Inu (SHIB) may look quiet right now, trading sideways near $0.0000126, but behind the scenes, something big is happening. Billions of Shiba Inu (SHIB) tokens are quietly leaving major exchanges, and this unusual trend is starting to raise big questions in the crypto community
Could this shrinking supply on exchanges set the stage for a major price shift?
Billions of SHIB Leaving Exchanges
Recent on-chain data from Glassnode and CryptoQuant shows that exchange-held SHIB has been steadily dropping. In August 2025, one whale withdrew 3 trillion SHIB from Coinbase Prime, while another wallet pulled over 110 billion SHIB from Binance just a week earlier.
Earlier this year, more than 2 trillion SHIB left exchanges in just a few days.
Fewer tokens on exchanges means less supply available for selling, which could reduce dumping pressure and set the stage for a potential price rebound. Large withdrawals like these usually signal accumulation, not selling, meaning whales are quietly positioning themselves for the next move.
Shib Burn Rate Spark Rally
On top of it, the shrinking exchange supply is coupled with ongoing SHIB burn rate. According to Shibarium, SHIB’s burn rate soars 213%, destroying the 3.014 million tokens in 24 hours
Meanwhile, together, these factors are creating a scenario where supply tightens while the network becomes stronger, which could support higher prices in the long term.
SHIB Price Analysis
Despite the sideways trading, currently near $0.0000126 after a 1% jump, the chart hints at a promising setup. Crypto analyst Joe Swanson, notes that SHIB is forming a “cup-and-handle” pattern, a technical formation often linked with strong breakouts once completed.
If this pattern plays out, SHIB could see a potential upside of around 70%, potentially reaching the $0.000021 zone in the coming weeks.
With the token still down over 63% from its February highs, the timing of whale accumulation appears strategic.
