Shiba Inu (SHIB), worth $4 trillion, is being transferred from Binance to ShibaSwap.
In a recent noteworthy transaction, a wallet associated with Binance and labeled “Binance 8” transferred an astounding 4,000,000,000,000 (4T) SHIB, valued at $35,080,000 ($35.08M), to a wallet connected to Shiba Inu’s decentralized exchange, ShibaSwap.
The information also shows that the transaction is carried out precisely at 07:18:35 AM +UTC.
The whale alert account also verified the transaction.
These 4T coins, according to ShibBurn, were staked by Binance on Shib Dex.
The change follows Certik’s ranking of ShibaSwap as the top DEX watchlisted project on its platform, downplaying other well-known companies like PancakeSwap (CAKE) and 1inch Network (1INCH).
On the other hand, according to the well-known blockchain data tracking website WhaleStats, Shiba Inu has become one of the most bought tokens among the 100 largest ETH whales in the last 24 hours.
According to the information given by WhaleStats, the top 100 ETH whales purchased an average of 341,296,045 (341,29M) SHIB over the previous 24 hours.
As previously reported, Binance surpasses all other Shiba Inu holders around the globe.
Binance keeps the majority of Shiba Inu in two wallets with the labels “Binance 28” and “Binance 8.”
As of this writing, the two wallets mentioned above have an amazing 83 trillion SHIB, or $738,549,274 ($738.54M).
Furthermore, according to statistics from CoinMarketCap, Binance is believed to hold a staggering 87 trillion Shiba Inu reserves in seven of its connected wallets.