Despite dropping 80 trillion in exchange reserves, Shiba Inu’s price is still lagging: what’s going on here?
Shiba Inu’s (SHIB) roller-coaster ride coming into 2026 is now met with a phase of calm before the next major move, and the largest players are behind it. Recent market data hints at big-time crypto investors completely controlling the supply – for instance, crypto whale concentration has pumped 428% to 1.36 billion Shiba Inu coins.
Shiba Inu’s Price In Calm Phase As Whales Rule
Nansen blockchain explorer’s data also suggests that the TOP 100 largest Shiba Inu holders control 831.8 trillion out of 999.9 trillion, in theory. In practice, the Shiba Inu coin circulation has been gradually reduced throughout the years, now consisting of 585.39 trillion, according to Shibburn’s data.
Other price & data-tracking sources like CoinMarketCap report a slightly higher number of 589.24 trillion, but that’s not what caught the attention of seasoned market researchers. Shiba Inu’s cumulative supply on exchanges has dramatically slumped from 370.3 trillion in December, 2025 to 290.4 trillion now.
With most SHIB custodians expecting a supply squeeze, price appreciation would follow in that case. However, the current trading volumes suggest Shiba Inu’s (SHIB) buying power is not there to make use of the induced scarcity. On Tuesday, Shiba Inu’s trading volumes hovered around $130 million.
Slow Volume Challenges Next SHIB Price Target
In comparison, other meme coin peers like Dogecoin (DOGE) & Pepe Token (PEPE) nailed over $630 million, showcasing a lesser speculative asset in SHIB. With whale concentration growing along with long-term holder count, all eyes are on the $0.00001200 resistance level now.
SHIB Knight, a seasoned market analyst, portrays this level as a fundamental target as the broader crypto markets attempt to catch up with the high rises in stock indexes, particularly the Russell 2000. If Shiba Inu catches on this bullish wave, SHIB Knight projects a 37.98% upswing from the current price of Shiba Inu (SHIB).
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