Whales appear to be exerting significant influence over SHIB's exchange liquidity, with a net outflow of 80 trillion SHIB tokens since December 5, according to TKResearch Trading. This movement has reduced the exchange balance from 370.3 trillion to 290.3 trillion SHIB. Over the past 60 days, new wallets have withdrawn 82 trillion SHIB from exchanges like Coinbase, at a price of approximately $0.0000085, representing about 28% of the exchange's balance at that time.