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673 Billion Shiba Inu (SHIB) Outflows From Binance as Epic Airdrop Continues

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Fri, 8/12/2023 - 12:33
673 Billion Shiba Inu (SHIB) Outflows From Binance as Epic Airdrop Continues
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In an eye-catching move, the world's leading cryptocurrency exchange, Binance, witnessed an extraordinary outflow of 584 billion Shiba Inu (SHIB) tokens in the past 24 hours, valued at an astounding $6.69 million. 

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This intriguing development comes amid the ongoing spectacular airdrop initiative by Binance, which has the crypto community buzzing with excitement.

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SHIB Price Erases Zero, But There's a Catch Worth 129 Trillion Shiba Inu Tokens

According to data from on-chain explorer Etherscan, Shiba Inu token holders made sizable withdrawals, totaling 673.13 billion tokens. Simultaneously, a more modest influx of 581.7 billion SHIB tokens, equivalent to $5.71 million, flowed back into Binance during the same period. 

This two-way movement of SHIB tokens once again underscores the dynamic activity surrounding the popular meme-inspired cryptocurrency.

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Source: Etherscan

Binance's $500,000 airdrop

The outflows occurred against the backdrop of Binance's much-anticipated and expansive airdrop campaign. As previously reported, the exchange announced a colossal airdrop targeting users of its Web3 wallet.

To participate in this crypto windfall, Shiba Inu users merely need to engage in a swap using the Binance Web3 Wallet. The airdrop, valued at $500,000, promises lucky recipients the chance to claim varying amounts of cryptocurrencies, with prizes ranging from one SHIB to one BTC.

Related
Shiba Inu (SHIB) Holders Can Claim $500,000 Crypto Airdrop From Binance

As the epic airdrop continues to capture the attention of the crypto space, the question on everyone's mind is: Who will be the fortunate beneficiaries of this unprecedented giveaway, and how will it impact the broader landscape of SHIB?

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