Meme cryptocurrency Shiba Inu (SHIB) recorded approximately 204 billion tokens leaving centralized exchanges on December 31, according to blockchain analytics data.
The outflow removes tokens from platforms where they are typically available for immediate trading.
SHIB traded around $0.000007 on December 31, roughly flat over 24 hours but down approximately 12% over the past month.
The token remains below its 26-day and 50-day exponential moving averages, maintaining a technically bearish position.
What Happened
Exchange outflows typically indicate holders transferring assets to self-custody wallets rather than preparing to sell on platforms.
The 204 billion token movement follows a December 20 outflow of 125.9 billion SHIB, which blockchain analytics firm CryptoQuant identified as the largest single-day withdrawal since December 11.
SHIB's relative strength index hovered in the mid-30s range on December 31, suggesting neutral-to-bearish momentum without indicating capitulation.
Trading volume remained subdued during the year-end period, a typical pattern during low-liquidity holiday trading windows.
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Why It Matters
Exchange reserve reductions can limit immediate selling pressure by removing supply from trading platforms, though flows reverse frequently based on market conditions.
SHIB has declined approximately 68% from its mid-2025 peak near $0.000031 and trades more than 90% below its all-time high of $0.00008616.
The token's Shibarium layer-2 network processed over 1 billion transactions since launching in August 2023, though daily transaction volume dropped 82% since October 2025.
Year-end outflows occurred across multiple meme tokens as traders adjusted positions heading into 2026.
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