Binance Shuffles Over 3 Trillion Shiba Inu Tokens Between Internal Wallets

Binance, the world's largest cryptocurrency exchange, has moved over 3 trillion Shiba Inu tokens in an internal wallet shuffle. According to data from Arkham Intelligence, Binance transferred a combined 3.098 trillion SHIB between its cold wallets, worth approximately $15.46 million. The transfers occurred just one minute apart, suggesting they were part of the same operation.

The exchange executed two separate transactions: one involving 1.099 trillion SHIB ($5.84 million) and another with 2 trillion SHIB ($10.62 million). Both transfers moved between Binance-controlled cold wallets, indicating an internal redistribution rather than buying or selling activity.

Exchanges commonly move assets between cold wallets to rebalance reserves, reorganize custody arrangements, or strengthen their security infrastructure. Following the transfers, the receiving wallet holds 37.604 trillion SHIB ($203.4 million), making it the fourth-largest SHIB holder on Etherscan data.