As January 2026 begins, SHIB whales are not resting.

According to monitoring data from on-chain platforms like Santiment and IntoTheBlock, large transaction volumes exploded at the start of the month, with a month-over-month increase of 111%. This is no small matter—whales are readjusting their positions, likely in anticipation of institutional and professional funds preparing for this year's cycle.

More importantly, the operational logic of these big players. What have they been doing in recent weeks? They have been withdrawing coins from exchanges. How large is the scale? 80 trillion SHIB. What is the direct result? Exchange available liquidity has fallen to a 16-month low. Usually, this phenomenon is associated with a term—**accumulation**. Not dumping, but stockpiling.

There are also details worth noting. In early January, there was a single-day transfer of nearly half a trillion SHIB into new wallets, and derivatives holdings interest is also rising. When these phenomena are combined, the underlying market sentiment clearly leans toward bullish expectations.