Massive Shiba Inu whale movement: Is SHIB about to explode?

Shiba Inu whales are withdrawing SHIB from exchanges. With burn rates soaring, could the SHIB price be on the verge of a major breakout?

Written by Simon Dumoulin

Adapted by March 10, 2026 at 12:51 by Simon Dumoulin

Illustration d’une pièce Shiba Inu (SHIB) stylisée, coin crypto brillant avec tête de Shiba au centre, effet métallique lumineux

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Whales Massively Withdraw Their SHIB from Exchanges

Whale Shiba Inu activity is intensifying significantly in early March 2026. According to the latest on-chain data, billions of SHIB tokens have left centralized exchanges (CEX) to be transferred to private wallets. This massive movement has caused available reserves on exchanges to drop to approximately 80.9 trillion tokens, a historically low level that is catching the attention of market analysts.

In the crypto ecosystem, this type of withdrawal is generally considered an important bullish signal. When investors move their assets off trading platforms, it often means they favor a long-term holding strategy rather than immediate selling. As a result, the quantity of tokens available for sale decreases, which can reduce short-term selling pressure.

While some retail investors remain cautious in the face of the market’s recent bearish phase, whales appear to be adopting a discreet accumulation strategy. This dynamic suggests that the most capitalized players anticipate a potential bullish reversal, taking advantage of current price weakness to strengthen their positions before a possible demand recovery.

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Burn Rate Rising: Towards a Supply Shock for SHIB?

Alongside these massive withdrawals, the Shiba Inu ecosystem is also recording a spectacular acceleration of its burning mechanism. The latest data indicates that the burn rate has increased by more than 274% over the week, resulting in the permanent destruction of millions of tokens. This progressive reduction of the total supply reinforces the project’s deflationary character.

The combination of declining reserves on exchanges and an active burn mechanism creates an interesting configuration for analysts. Fewer tokens available for sale and a decreasing overall supply can trigger what traders call a supply shock, capable of fueling a bullish movement if demand returns to the market.

For now however, the price of SHIB remains relatively stable around the support level of $0.00000528. Investors are now monitoring the resistance located around $0.00000580, whose break could open the way to a rally towards $0.00000750. In a still highly volatile crypto market, this silent accumulation by whales could well represent the calm before a new bullish storm.

$SHIB | Down 94% from ATH $0.00008845, SHIB sits at $0.00000547 — back at the multi-year demand zone held since 2022. Three MAs all overhead — MA 50 (red) $0.00001064, MA 200 (green) $0.00001301, MA 9 (blue) $0.00001402. RSI 32–35 — oversold weekly. Descending wedge forming at… pic.twitter.com/e5rHz0LRcH
— R4 XBT 🍀 (@OfficialR4_ID) March 9, 2026

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Simon Dumoulin

Passionate about cryptocurrencies since 2019, I cover the latest news through clear and accessible articles. My goal is to make crypto understandable for everyone, with reliable and well-researched content.

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