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Home ยป Binance Sells 600 Billion Shiba Inus, SHIB & Bone Prices Rise 10%

Binance Sells 600 Billion Shiba Inus, SHIB & Bone Prices Rise 10%

A large whale took 600 billion Shiba Inu (SHIB) tokens worth millions from the cryptocurrency market Binance, causing a 10% increase in the value of SHIB.

by V. Sinclair
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In the last few weeks, the Shiba Inu meme coin saw notable whale accumulations amid the recovery of the broader crypto market, resulting in an almost 20% price gain in just one month for SHIB. According to on-chain statistics, a whale withdrew 600 billion Shiba Inu (SHIB) tokens valued at millions from cryptocurrency exchange Binance in another significant whale transaction.

Whale Purchases SHIB Tokens for 600 Billion

On December 4, Lookonchain reported that 600 billion SHIB tokens were removed from Binance, a cryptocurrency exchange, by a new whale wallet. The $5.7 million value of the massive Shiba Inu token shift is significantly more than previous recent whale purchases.

Furthermore, last week the same whale removed 250 billion SHIB coins from Binance, valued at $2.3 million. The whale accumulation sparked talk of a price pump, and the price of SHIB increased by 5%.

SHIB burn, meanwhile, decreased 90% during the previous day. Four transactions totaling 108,618 SHIB tokens were burned. In order to decrease the amount of SHIB in circulation, the Shiba Inu community is still dedicated to burning it; 1.3 billion SHIB will be burned in November.

almost the past day, there has been a surge in the value of Shiba Inu ecosystem tokens, with a rise of almost 10%. Both whale accumulation and a more general crypto market surge are to blame for this.

In the last day, the price of SHIB increased by 10%, and it is now trading at $0.00000931. $0.00000840 is the 24-hour low, and $0.00000954 is the 24-hour high. Additionally, a boost in trader interest is shown by the trading volume, which has climbed by 320% in the past day.

The price of BONE increased by over 11% as well; it is currently trading at $0.77. $0.691 is the 24-hour low, and $0.781 is the 24-hour high.

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