On-chain data showed that over 250 billion SHIB were withdrawn from centralized exchanges, a move linked to falling liquidity and increased accumulation.
For Shiba Inu, there is a clear outflow trend, with over 250 billion SHIB leaving exchanges, and some reports detailing transactions that could reach 450 billion outflows.
Furthermore, SHIB is experiencing concentrated accumulation, with one whale expected to move approximately 61.63 billion SHIB using Coinbase. Other significant SHIB whales recorded movements of 48.53 billion SHIB into private wallets.
It is estimated that whales saw average gains of 9.26% on these movements, providing statistical context for why such flows are attracting market attention.
Why do they resort to burning SHIB?
Burning activity intensified sharply over the past month, with a reported rate of over 2,800% in 24 hours. It is estimated that cumulative burns have exceeded 410 billion tokens from the initial supply, leaving approximately 585.4 billion tokens in circulation.
For the token, the outlook is mixed. In the short term, it is expected to trend upward, while in the medium and long term, it is expected to remain stable if it withstands selling pressure.
Social sentiment averaged a highly positive reading in the report, while a broader reading of the Fear & Greed Index registered near 29 (‘Fear’), indicating retail enthusiasm amid institutional caution.
For traders and holders, the on-chain numbers have shifted the balance between supply and demand, but confirmation requires a sustained break above the resistance levels. Investors will also be watching the expected whale movement in early February and subsequent flows from exchanges to see if the accumulation is persistent rather than episodic.
