Shiba Inu tests a key resistance area as exchange reserves keep moving lower and Binance reshuffles more than 3 trillion SHIB between its cold wallets. Data from TheCryptoBasic shows Binance moved a total of 3.09 trillion SHIB, worth about $16.46 million.
The transfers happened just one minute apart. First, 1.099 trillion SHIB went out, valued at roughly $5.84 million. Then another 2 trillion SHIB followed, worth about $10.62 million. That’s a lot of tokens moving in a very short window.
Since both wallets are controlled by Binance, the transactions do not point to buying or selling activity. Instead, they appear to be part of the exchange’s internal wallet management. Even so, the timing is interesting because the amount of SHIB held on exchanges continues to trend lower.
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SHIB Exchange Reserves Continue To Decline
One number jumps out. SHIB left exchanges at a steady clip. Data from CryptoBasic shows 82.21 billion SHIB moved off exchanges in the last 24 hours. That dropped total exchange reserves to 86.86 trillion tokens. It’s the first time in a while that number has dipped below 87 trillion.
This does not guarantee a rally, but lower exchange balances mean fewer tokens are immediately available for sale. If demand starts to pick up, reduced supply on trading platforms can help support price growth.
Binance, the world’s largest cryptocurrency exchange, has moved more than 3 trillion #ShibaInu tokens between its internal cold wallets.
— TheCryptoBasic (@thecryptobasic) August 27, 2026
According to data from Arkham Intelligence, Binance transferred a combined 3,098,891,481,684 (3.09 trillion) Shiba Inu in two separate…
One important detail, Binance’s 3.09 trillion SHIB transfer didn’t actually affect those exchange outflows. The tokens never left Binance’s control. They were just moved between wallets. After the transfer, the receiving wallet ended up holding 37.6 trillion SHIB, worth about $203.4 million. That makes it one of the largest SHIB wallets being tracked on-chain right now.
How Does this Affect The SHIB Price?
We had a look at the SHIB chart and found the token trading near $0.00000542 after posting a modest gain of 0.93%. The chart shows SHIB stuck in a clear range. Support at $0.00000500, resistance at $0.00000600.
Buyers have been testing that upper level for a while, but they haven’t broken through yet. Momentum is slightly positive, though still neutral overall. RSI sits at 54.46 and the Ultimate Oscillator at 54.28, both well below overbought, so there’s room to run if buying picks up.
The big one is $0.00000600. The SHIB price has hit that wall and failed multiple times. If buyers finally crack it, $0.00000650 is the next stop.
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Where Could the SHIB Price Go Next?
What happens next for SHIB comes down to one thing: can bulls flip that $0.00000600 level from resistance into support? If they do, $0.00000650 becomes the next target. And if the broader market stays supportive, there could be more room above that too.
On the flip side, $0.00000500 is the line in the sand. As long as buyers defend it, the structure holds. Lose that, and attention shifts to $0.00000450 and then $0.00000400. For now, the SHIB price is caught between a falling exchange supply and a stubborn resistance zone.
With exchange reserves down to 86.86 trillion SHIB and Binance moving more than 3 trillion tokens internally, the market is waiting to see whether this setup leads to a breakout or another rejection.
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