An unidentified wallet transferred over 24 billion Shiba Inu tokens to Binance, according to on-chain data published by Arkham Intelligence, which identified the address as “0xf2af…48420”.
The operation, valued at approximately $150,000, is not a random move: the wallet has a two-year history with the token, including a phase of massive accumulation, extended periods of inactivity, and prior transfers to the same platform. In 2025, that same wallet had already sent just over two billion SHIB to Binance before going dormant again. The current transaction is twelve times larger than the previous one.
SHIB has fallen 11.43% since the start of 2026 and trades near $0.000005931 at the time of writing, with an additional 7.5% drop in the last 24 hours. The ecosystem has produced no concrete catalyst to reverse that trend: no relevant updates, no new use cases, and no activity from developers.
The wallet still holds 25.47 billion SHIB tokens after the transfer, along with BNB, ETH, and LINK, with a total estimated portfolio of $459,000. This is the profile of a mid-tier holder, not an institutional fund or a whale capable of moving the market on its own. However, that profile is precisely the one that generates the most pressure when an asset loses ground and shows no clear signs of recovery. Tokens sent to an exchange are broadly interpreted as preparation for a sale.
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