Shiba Inu Whales Move $10 Billion in SHIB to Cold Storage Ahead of September

A significant Shiba Inu (SHIB) movement occurred today as a Binance hot wallet sent out 10,003,000,000 SHIB tokens into a new address. The transfer consisted of three separate sendings, with the largest holding approximately 9 billion SHIB worth about $116,000. The remaining chunks were notably smaller, totaling just under $12,900 for one portion and barely two dollars in value for another, highlighting the unusual distribution of these assets. 10-billion SHIB transfer from Binance comes as the Shiba Inu community anticipates a potential market rebound during September. This is especially notable given that September has historically been a positive period for SHIB’s performance. While this particular move may not be on par with significant whale transactions seen this week, the timing and amount of tokens transferred warrants attention. 10-billion SHIB in cold storage comes as the token remains stagnant at $0.00001284, with resistance levels stacking one after another between $0.00001107 and the cap of $0.00002970. The current range has kept SHIB in check for months, but any significant break out could face resistance at those levels. However, a drop below $0.000011 zone would erase any semblance of structure established by summer’s gains.