The recent large transfer of Shiba Inu (SHIB) by Binance has caught the attention of the crypto community. Although SHIB gained over 4% in the previous trading session, most of these gains have now been lost. This significant transfer of 137 billion SHIB tokens has led to various speculations about the future of the cryptocurrency.

Binance has made a major transfer involving 137 billion Shiba Inu (SHIB) tokens. According to Etherscan data, the transaction is currently valued at over $1.9 million, which has sparked speculation. While large transfers can often cause a market reaction, the SHIB token price has remained relatively stable over the past 24 hours.$SHIB

This large SHIB transfer could indicate various operational activities by Binance. For example, Binance may be aiming to balance trading conditions by redistributing tokens between its platforms. It could also be related to routine security measures such as moving funds between cold and hot wallets, handling large withdrawal requests from users, or complying with regulatory requirements. Binance could be preparing for new services like staking, participating in token burn events, or conducting significant token redistributions for strategic partnerships. However, Binance and the Shiba Inu teams have not made any official statements about the purpose of the transfer.

SHIB’s recent price action suggests that this large transfer has had a minimal impact. SHIB has experienced fluctuations in recent days, reflecting market volatility. In the last trading session, SHIB gained 4.03% and rose to around $0.00001393, but it fell close to 5% in the previous session. Currently, SHIB is trading at around $0.00001365, indicating a drop of over 2%. This continued volatility suggests that the Binance transfer has not had a significant impact on the market.

According to Shibburn data, there has been no notable activity in the SHIB token burn rate over the past 24 hours, with a 100% decrease in token burn activity. The absence of major burn events further highlights the limited impact of Binance’s token transfer on SHIB’s market behavior.


Binance’s massive transfer of 137 billion SHIB tokens has generated a lot of interest and discussion in the crypto community. However, the lack of an official statement from both Binance and the Shiba Inu team leaves the purpose of the transfer unclear. Despite the initial reactions, SHIB’s price action remains in line with typical market volatility and does not show any significant deviations due to the transfer. The market will continue to closely monitor any announcements and actions that could impact SHIB’s future journey.

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