According to data from WhaleAlert, a significant transfer of cryptocurrency has taken place involving Shiba Inu Coins. Specifically, a staggering 3.48 trillion SHIB coins were moved in a single transaction, with a total value of $40.2 million. The transfer occurred between two wallets whose owners remain unidentified at this time.

The blockchain tracker, WhaleAlert, on April 16 posted on Twitter about the huge transfer:

Notably, this large-scale transaction occurred prior to Binance’s announcement to delist SHIB from its innovation zone. As per a recent announcement by the company, Binance would move several tokens, including Shiba Inu, out of the innovation zone, from April 18. 

Other tokens to be moved include Frax Share (FXS), Trust Wallet Token (TWT), and 1inch (1INCH).  The innovation zone was established by Binance to provide users with a secure platform for trading new and innovative projects. 

Over time, some projects have demonstrated their value and met the high standards expected by Binance. As such, during periodic project reviews, qualifying projects will be removed from the innovation zone.

Significantly, Shiba Inu has been performing in a positive manner recently, and the performance can majorly be attributed to recent community milestones. Last month, the beta version of its layer-2 network, Shibarium, was launched as Puppynet. 

Moreover, according to statistics provided by IntoTheBlock, the number of long-term holders of Shiba Inu, which has a current value of $0.00001158, has hit a new all-time high of 835,780. These holders now represent 67% of all addresses holding the popular meme coin, solidifying SHIB‘s position as the world’s second-largest meme token.