An unidentified cryptocurrency wallet has transferred over 24 billion Shiba Inu tokens to Binance, raising questions about mid-tier holder sentiment toward one of the most recognized meme coins in the market. On-chain data from Arkham Intelligence identified the wallet as “0xf2af…48420.” The transfer, valued at approximately $150,000, signals a deliberate repositioning rather than an impulsive decision.
The timing matters. SHIB has fallen 11.43% since the start of 2026, and no clear catalyst has emerged within the Shiba Inu ecosystem to reverse that trend. At the time of writing, Shiba Inu trades at around $0.00000603, down 4% in the last 24 hours.
A Wallet With a Pattern of Deliberate Moves
This wallet did not appear overnight. Its history with SHIB stretches back over two years, when it accumulated tens of billions of tokens from various unmarked wallets. That accumulation phase was followed by a prolonged period of inactivity, a pattern that repeated itself before the previous round of transfers in 2025.
Those 2025 transactions sent slightly more than two billion SHIB to Binance. The wallet then went quiet again. Now it has returned with a transfer twelve times larger than the previous one, sent to the same destination.
This is not erratic behavior. The wallet’s owner appears to monitor conditions carefully before acting. Each movement has followed a period of dormancy, and each has targeted Binance, the world’s largest cryptocurrency exchange by trading volume. Tokens sent to an exchange are widely interpreted as preparation for sale.
The wallet still holds 25.47 billion SHIB after the transfer. Its remaining portfolio includes BNB, ETH, and LINK, bringing total holdings to roughly $459,000. By traditional investment standards, this is a modest portfolio. By crypto market standards, it places the owner squarely in the mid-tier category, significant enough to observe, but not large enough to move markets alone.
Middle-Class SHIB Holders Are Reducing Exposure
This wallet is not an institutional giant or a well-known fund. It operates at a scale that mirrors thousands of other mid-tier SHIB holders who accumulated during earlier bull cycles and now face a currency that has steadily lost ground.
SHIB’s price performance in 2026 has offered little reason for optimism. The token has posted consistent losses without a clear growth driver, no major ecosystem upgrade, no breakout use case, and no surge in developer activity to signal a near-term reversal. For holders sitting on multibillion-token positions, that environment creates pressure.
Source: https://coinpaper.com/14961/can-shiba-inu-price-recover-whale-dumps-24-billion-shib-on-binance-amid-2026-slump
