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17.8 Billion SHIB Transferred to Binance and Other Wallets Just Now

Fri, 06/23/2023 - 15:09
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Yuri Molchan
An astounding amount of meme coins has been transferred within less than an hour as the SHIB price plummeted
17.8 Billion SHIB Transferred to Binance and Other Wallets Just Now
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Data shared by the Etherscan tracker shows that within the past hour, anonymous whales have transferred nearly 18 billion Shiba Inu meme coins. Part of them was sent to Binance to be sold.

As the SHIB price has suddenly gone dip into the red, some whales, it seems, started selling their meme coins stashes, while others began to buy more of them on the dip.

SHIB sold on Binance, bought on OKX

Six transactions all-in-all have been spotted, four of them sent slightly more than 8 billion SHIB to Binance in stashes which carried 1.8 billion, 1.5 billion, 18.6 million and 4.6 billion Shiba Inu meme coins.

9,905,500,287 SHIB were bought on the OKX exchange and then withdrawn to an anonymous wallet address. After that, this massive lump of SHIB was moved to another wallet, which now holds 2,604,291,682,773 Shiba Inu meme coins.

Earlier today, several smaller SHIB chunks were sent to this wallet, including three transactions of 7.8 billion SHIB each.

Image via Etherscan

Massive Shiba Inu Token Sell-off Causes SHIB Price Crash: Details

SHIB undergoes massive price drop

On June 22, the Shiba Inu canine crypto suddenly faced a staggering sell-off conducted mostly on the Binance exchange. As reported by U.Today, 337 billion SHIB were dumped on the largest crypto exchange.

Adding the volume of SHIB sold on other exchanges as well, the overall stash of SHIB dropped by holders topped 800 billion coins. However, around half of that amount was then bought by “stronger hands”.

This pushed the price of the asset 7.35% down, and it has begun to gradually rise, step by step. At the time of this writing, Shiba Inu is changing hands at $0.00000780 on Binance.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at