As revealed by on-chain data from Arkham, an unknown whale operating the wallet “0xf2af…48420” transferred more than 24 billion Shiba Inu (SHIB) tokens today to the world’s largest cryptocurrency exchange, Binance. The figure itself is notable, but the context surrounding this transfer is even more important.
The previous SHIB transactions from this wallet took place about a year ago and also involved transfers to Binance. At that time, however, the unknown trader sent slightly more than two billion tokens to the exchange. Those 2025 transactions also followed a year of inactivity. The wallet’s involvement with Shiba Inu began more than two years ago, when it accumulated tens of billions of SHIB from various unmarked wallets.
Shiba Inu “middle class” holders cut exposure to SHIB
An important detail in this story is that despite the current transfer of 24 billion SHIB, worth nearly $150,000, the wallet still holds 25.47 billion Shiba Inu tokens. In addition, its balance includes BNB, ETH and LINK, bringing the total portfolio value to around $459,000.
By crypto market standards, this is not a large sum and could be described as middle class. However, given the context of the recent transfer to Binance, the whale’s actions may reflect the sentiment of midtier Shiba Inu holders.
Considering SHIB’s unconvincing price performance, which has continued to decline since the start of 2026 and is down 11.43% at the time of writing, as well as the lack of clear growth drivers within the Shiba Inu ecosystem, it can be concluded that holders with multibillion SHIB balances currently prefer to reduce their positions.
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As seen in this case, they are not exiting completely, but the volume of tokens being sent to exchanges, where they are likely being prepared for sale, remains significant.
Whether SHIB will make this trader regret such a decision is not the question right now. What cannot be ignored is the clear intention of relatively large holders to remain flexible with their tokens, preparing both for a potential further decline in Shiba Inu’s price and keeping optionality in case of a possible rally in 2026.