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Unknown whales have made a surprising move by transferring 300 billion Shiba Inu tokens from Binance in one go. This significant transfer has raised questions about the motive behind such a large token migration. The cryptocurrency community is eager to know the identity of the address owner and their intentions, as this unusual move has caused a stir in the ecosystem. Upon closer examination of the wallet’s past activity, it appears that there was a series of major purchases from Binance leading up to this noteworthy transfer. The transaction itself was verified on the blockchain, with a transaction charge of only $3.73. Despite being a cost-effective maneuver, this transfer has resulted in a substantial change in the distribution of the meme coin. It is worth noting that the recent accumulation of Shiba Inu by whales is unexpected, especially considering that the volume of major transactions on the chain has supposedly decreased significantly since early November. This trend has sparked speculation that the market is gradually shifting away from Shiba Inu towards other cryptocurrencies. The movement of SHIB tokens from Binance suggests a potential strategic amassing, which could have implications for the coin’s value. This could include provisioning of liquidity, investments, or even planning for token burns, which involve the intentional destruction of a portion of the cryptocurrency supply. Such token burns have become popular in some crypto projects as a means of increasing scarcity and potentially influencing the coin’s value. The recent actions of Shiba Inu whales may benefit the cryptocurrency in the short term, but further efforts may be required to sustain its momentum going forward. In other news, the top cryptocurrency exchange in South Korea, Upbit, has witnessed a surge in Shiba Inu tokens, amounting to an astounding 84 billion SHIB, or over $700,000. This movement represents more than 25% of the SHIB volume on Upbit, leading to suspicions about the exchange’s intentions and the possibility of a significant development involving Shiba Inus.