Binance Transfers 3 Trillion SHIB Amid Declining Exchange Reserves

Binance has transferred over 3 trillion Shiba Inu tokens between its internal cold wallets in a move that does not affect exchange outflows. Data from TheCryptoBasic shows that Binance moved 3.09 trillion SHIB, worth around $16.46 million, in two transactions just one minute apart.

The transfers were part of the exchange's internal wallet management and did not involve buying or selling activity. This move comes as SHIB exchange reserves continue to decline, with total reserves falling below 87 trillion tokens for the first time in a while.

Exchange data shows that 82.21 billion SHIB left exchanges in the last 24 hours, dropping total reserves to 86.86 trillion tokens. This reduced supply on trading platforms could support price growth if demand starts to pick up.