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HomeCrypto NewsBinance Shuffles Around 1.89 Trillion Shiba Inu

Binance Shuffles Around 1.89 Trillion Shiba Inu

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Binance recently transferred a sizable amount of Shiba Inu tokens to several external wallets and another exchange. According to Etherscan data, Binance transferred a staggering 1,896,625,902,168 (1.89T) Shiba Inu coins in the last 24 hours.

Transactions Details

According to data from Etherscan, a Shiba Inu investor going under the alias “marsbrothers.eth” amassed a staggering 336,292,667,662 (336.29B) SHIB tokens worth $3.07M. On December 13 at 09:38 AM, the tokens were transferred out of one of the Binance-related wallets labeled “Binance 15.” (UTC). Despite moving a huge amount of SHIB tokens, a $1.09 fee was charged for the transaction. At the time of publication, “marsbrothers.eth” has 336.29B SHIB.

An unidentified Ethereum whale moved Shiba Inu coins valued at $704.5K 18 hours ago. According to Etherscan data, the unidentified whale added an astounding 77,000,250,000 (77B) SHIB on December 13 at 12:38 PM from a wallet connected to Binance called “Binance 14.” (UTC). The same anonymous Ethereum whale transferred all of its SHIB assets to the San Francisco-based exchange Coinbase four minutes later. The anonymous whale has 0 SHIB at the time of this writing. 

Read also: Fresh Shiba Inu Whale Receives 1.92 Trillion Worth of SHIB

SHIB Transfer Within Binance

It’s interesting to note that a huge movement of 1 trillion Shiba Inu tokens from one wallet connected to Binance to another was seen on Etherscan. One of the wallets related to Binance, namely Binance 28, sent 1T SHIB worth $9.15M to Binance 14 at 1:48 PM on December 13. At the time of publication, Binance 14 had 440,953,653,304 (440.95B).

In a related transaction, according to Etherscan data, Binance 14—a wallet connected to the exchange—transferred 333,333,327,752 (333.33B) SHIB, equivalent to $3M, to Binance 15—another address controlled by the exchange. At the time of publication, Binance 15 has a total of 234.12B SHIB.

Binance Transfers 150B To Crypto.com

Earlier today, Binance sent over 150 billion Shiba Inu coins to an account connected to Cryptocom. A staggering 149,999,656,754 (149.99B) SHIB were sent by Binance 14 to the Crypto.com wallet, known as Crypto.com 5, in this transaction.

Cryptocom 5 holds a massive 20,225,562,012,800 (20.2T) SHIB tokens when writing.

Read also: Shiba Inu Makes List of Top 10 tokens purchased by whales

Shibarium Expectations Spur Whale Interest in SHIB

It’s important to note that the massive transfer of SHIB tokens occurs while loyalists of the project eagerly await the launch of Shibarium, an Ethereum scaling solution. Shiba Inu is a cryptocurrency with a canine theme, and the launch of Shibarium is expected to elevate it to a new level and put it among the top crypto projects.

The recent increase in whale interest in Shiba Inu is not shocking. Shibarium’s official release will probably boost the price of SHIB, which has been adversely affected by the unfortunate events that have wreaked havoc on cryptocurrencies, such as the Terra and FTX crash.

SHIB is changing hands at around $0.00000916, up 5.12% in the past 24 hours, according to Coingecko data.

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