Over 8 trillion SHIB tokens have been withdrawn from exchanges in the past 24 hours, according to on-chain data. Significant outflows include a 2.2 trillion SHIB withdrawal, valued at $18.88 million, from Coinbase. This activity has sparked speculation about potential accumulation, DeFi exploit activity, or over-the-counter trades. Despite these withdrawals, 1.06 trillion SHIB tokens have returned to exchanges, adding to market uncertainty. SHIB is currently trading at $0.00000833, reflecting a 3% decline over the last day.