Popular blockchain tracking service Whale Alert, which tracks major crypto transactions, has detected a large amount of Shiba Inu meme coins migrated from the Binance.US exchange.
Trillions of Shiba Inu (SHIB) Moved From Binance US
Meanwhile, SHIB continues to lose its positions in the market and fell to 20th place by market capitalization despite the imminent launch of Tier 2 blockchain Shibarium.
2.4 trillion SHIB sent from Binance.US. According to data shared by Whale Alert, a total of 2,416,836,656,676 SHIBs were transferred from the crypto exchange in a single transaction 11 hours ago.
🚨 2,416,836,656,676 #SHIB (18,771,570 USD) transferred from #BinanceUS to unknown wallethttps://t.co/8ujqIZ5C5i
— Whale Alert (@whale_alert) July 19, 2023
Whale Alert shows that trillions of SHIBs have been transferred to an anonymous wallet. However, details provided by Arkham Intelligence indicate that this address belongs to Binance.US.
This platform showcases multiple SHIB transfers between internal wallets of this leading crypto exchange.
On Wednesday, a sleeping SHIB whale awoke and transferred some of its more than 77.5 million SHIBs to a dead wallet. According to data provided by Etherscan, the sending address has been inactive for about 2.2 years.
Overnight, the largest amount of Shiba Inu burned by SHIB enthusiasts and whales totaled 33,006,524 SHIB meme coins. Overall, there have been 20 transactions so far that have burned the aforementioned 85 million Shiba Inu.
After losing nearly 8% over the weekend, the second largest meme coin Shiba Inu is trading in a range, failing to break the $0.0000079 resistance and staying above the $0.00000765 support line.
*Not investment advice.
