Binance 10B SHIB Transfer to Wallet Hints at September Rally

Published: 2025-08-24 16:45:01 |

Binance has executed a SHIB transfer of 10.003 billion tokens from a hot wallet to a new address in three tranches (≈9B, ≈1B and 189K SHIB). The receiving wallet now holds over 10B SHIB, 0.213 ETH and minor ACH dust. This consolidation is viewed as potential cold-storage preparation ahead of September, a month that historically delivers a median SHIB gain of +8.2%. The token trades near $0.00001284, with key levels at $0.00001107 support and resistances at $0.00001698, $0.00002000–$0.00002500 and $0.00002970. Traders should monitor on-chain flows and exchange inflows: dormant balances suggest long-term removal from the circulating supply, while onward transfers indicate possible selling pressure. Tracking these metrics will reveal whether the SHIB transfer precedes a seasonal rebound or remains a neutral event.

Neutral

While the 10B SHIB transfer from a Binance hot wallet is significant in timing and on-chain context, its modest size—worth approximately $130,000—means it is unlikely to directly sway market prices. The consolidation into a new address points toward potential cold storage, which could remove supply and exert bullish pressure if tokens remain dormant. However, without subsequent on-chain movements or exchange inflows, the event alone does not guarantee price appreciation. Historically, September has been a strong month for SHIB, but seasonal patterns depend on broader market sentiment and liquidity. In the short term, traders are unlikely to react until clear signs of distribution (selling pressure) or long-term holding (supply reduction) emerge. If the receiving address remains inactive, the reduced circulating supply might underpin a bullish outlook. Conversely, active downstream transfers would introduce sell-side pressure and could neutralize any seasonal tailwinds. Long-term, the move offers a neutral signal: it sets the stage for potential appreciation but lacks confirmation without follow-through. Therefore, the immediate market impact is categorized as neutral.