Over 110 Billion Shiba Inu (SHIB) Stuns Binance. Here’s What Happened
Main Idea
A newly created cryptocurrency wallet withdrew over 110 billion Shiba Inu (SHIB) tokens from Binance, along with other significant crypto assets, totaling over $4.2 million, sparking interest in the Shiba Inu community and broader market.
Key Points
1. A new wallet withdrew 110.34 billion SHIB (worth ~$1.45M) from Binance on July 30, 2025, along with other assets like LINK, MATIC, and ETH, totaling over $4.2M.
2. The Shiba Inu team acknowledged the transfer, with marketing lead Lucie responding positively on social media.
3. The withdrawal occurred shortly after SHIB's price dipped to $0.00001268, suggesting a strategic accumulation at a lower price.
4. The broader crypto market faced a downturn, with SHIB declining 4.14% in 24 hours amid U.S. tariff concerns, though it remains the 22nd largest cryptocurrency by market cap ($7.23B).
5. Large withdrawals like this often indicate long-term confidence in the token's value, despite current market volatility.
Description
A newly generated cryptocurrency wallet has withdrawn over 110 billion Shiba Inu (SHIB) tokens from Binance, drawing significant interest from the Shiba Inu community and the broader crypto market. This transaction, which was highlighted by blockchain tracker Onchain Lens , occurred on July 30 and was completed in three separate transfers involving two Binance wallets labeled Binance 14 and Binance 15. The total amount withdrawn came to 110.34 billion SHIB, which had an approximate value of $1.4...
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