Over 110 Billion Shiba Inu (SHIB) Stuns Binance. Here’s What Happened

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.