diff --git a/pkg/core/blockchain.go b/pkg/core/blockchain.go
index c50e29584..504bebd1e 100644
--- a/pkg/core/blockchain.go
+++ b/pkg/core/blockchain.go
@@ -1454,7 +1454,7 @@ func appendTokenTransfer(cache *dao.Simple, transCache map[util.Uint160]transfer
 		*nextBatch++
 		*currTimestamp = bTimestamp
 		// Put makes a copy of it anyway.
-		log.Raw = log.Raw[:0]
+		log.Reset()
 	}
 	transCache[addr] = transferData
 	return nil
diff --git a/pkg/core/state/tokens.go b/pkg/core/state/tokens.go
index c81d4e32d..81739ccdf 100644
--- a/pkg/core/state/tokens.go
+++ b/pkg/core/state/tokens.go
@@ -16,6 +16,8 @@ const TokenTransferBatchSize = 128
 // TokenTransferLog is a serialized log of token transfers.
 type TokenTransferLog struct {
 	Raw []byte
+	buf *bytes.Buffer
+	iow *io.BinWriter
 }
 
 // NEP17Transfer represents a single NEP-17 Transfer event.
@@ -111,18 +113,30 @@ func (lg *TokenTransferLog) Append(tr io.Serializable) error {
 		lg.Raw = append(lg.Raw, 0)
 	}
 
-	b := bytes.NewBuffer(lg.Raw)
-	w := io.NewBinWriterFromIO(b)
-
-	tr.EncodeBinary(w)
-	if w.Err != nil {
-		return w.Err
+	if lg.buf == nil {
+		lg.buf = bytes.NewBuffer(lg.Raw)
 	}
-	lg.Raw = b.Bytes()
+	if lg.iow == nil {
+		lg.iow = io.NewBinWriterFromIO(lg.buf)
+	}
+
+	tr.EncodeBinary(lg.iow)
+	if lg.iow.Err != nil {
+		return lg.iow.Err
+	}
+	lg.Raw = lg.buf.Bytes()
 	lg.Raw[0]++
 	return nil
 }
 
+// Reset resets the state of the log, clearing all entries, but keeping existing
+// buffer for future writes.
+func (lg *TokenTransferLog) Reset() {
+	lg.Raw = lg.Raw[:0]
+	lg.buf = nil
+	lg.iow = nil
+}
+
 // ForEachNEP11 iterates over a transfer log returning on the first error.
 func (lg *TokenTransferLog) ForEachNEP11(f func(*NEP11Transfer) (bool, error)) (bool, error) {
 	if lg == nil || len(lg.Raw) == 0 {