Home News Shiba Inu News Whale Moves 2.28 Trillion SHIB From Binance to an Unknown Wallet

Whale Moves 2.28 Trillion SHIB From Binance to an Unknown Wallet

Published Dec 27, 2023

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The Shiba Inu community is buzzing after a mysterious whale recently moved a staggering 2.28 trillion SHIB tokens (worth approximately $23.58 million) from crypto exchange Binance to an unknown wallet.

According to on-chain data from Whale Alert, the transaction occurred on December 26 at 10:20 UTC.

🚨 2,283,700,000,000 #SHIB (23,578,060 USD) transferred from #Binance to unknown wallethttps://t.co/f5dxoJuuBm

— Whale Alert (@whale_alert) December 26, 2023

Community Reacts

The latest transaction has attracted the attention of the SHIB community, including the project’s marketing lead, Lucie.

In an X post, responding to the whale’s movement, Lucie stated:

“Smart money understands where the people are.”

Moreover, the whale’s movement sparked speculation from several other community members. While the motive behind the move remains unclear, it signals purchases and long-term holding strategy by the whale.

At press time, the receiving wallet still holds the full 2.28 trillion SHIB, including several other tokens worth approximately $85 million.

Specifically, the unknown wallet holds $24 million worth of SHIB, $35.5 million in FDUSD, and $25 million in FTM.

SHIB Whales on the Move

Meanwhile, the development is the latest in the series of whales moving their SHIB tokens from centralized exchanges (CEXs) to personal wallets in recent months.

Last week, Coinfomania reported that a wallet address linked to Justin Sun withdrew a staggering 500 billion SHIB tokens (worth approximately $5.2 million) from Binance. At the same time, two other whales transferred a combined total of $13.3 million worth of SHIB from the same exchange.

A few days ago, a new whale transferred a whopping 237.86 billion SHIB ($2.54 million) from Binance to an unknown wallet.

According to reports, over 11 trillion SHIBs have been withdrawn from CEXs in the past eight months.

At the time of writing, SHIB was trading at $0.00001074, representing a 0.02% decline on the day. However, the token experienced a 5.10% increase in the past week.