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993.3 Billion SHIB Transferred, Half Moved by Binance, Here’s Where

Mon, 11/28/2022 - 16:13
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Yuri Molchan
Hundreds of billions of SHIB have been transacted by Binance and anonymous whales
993.3 Billion SHIB Transferred, Half Moved by Binance, Here’s Where
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Contents

@shibaplay_ Twitter user has shared that in the past twenty-four hours, a series of crypto transactions has been made, carrying lumps from 56 billion to half a trillion Shiba Inu.

A total of 993.3 billion SHIB tokens was shoveled mostly by anonymous whales. However, two transactions here stand out.

Binance moves 500 billion SHIB, whale grabs 56 billion

According to the source of these transactions – Etherscan crypto tracker – the largest crypto trading platform by the size of trading volume shifted a total of 499,999,812,493 meme coins.

Most likely, this was done as part of the platform’s crypto reserves audit. As reported earlier today, Binance also moves around $1.2 billion worth of Bitcoin for the same purpose between its own wallets.

The amount of SHIB transferred by Binance is worth $4,499,998. In the meantime, an anonymous whale purchased 56,089,690,818 Shiba Inu on the same platform and moved off Binance to his crypto wallet.

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Whales shovel 437 billion Shiba tokens

Etherscan also showed details of three other transfers, carrying a substantial amount of the second largest meme token by market cap.

Anonymous wallets transacted 139,014,817,402, 138,364,817,402 and 160,000,000,000 Shiba Inu between themselves.

Meanwhile, according to WhaleStats wallet tracking platform, over the past twenty-four hours, SHIB has emerged on the list of the top seven most sold crypto assets. Now it is sitting on this list together with BOBA, USDT, stETH, etc.

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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 yuri.molchan@u.today.