3.5 Trillion Shiba Inu Moved Ahead Of Binance Upgrade

Shiba Inu Coin News: Shiba Inu, the second largest meme crypto, registered a mild recovery as Bitcoin (BTC) price spiked last week. However, it is expected that SHIB price might see a surge as Binance, world’s largest crypto exchange decides to upgrade its listing. Meanwhile, crypto whales have been caught moving trillions of Shiba Inu Coins.
Also Read: Binance Removes Shiba Inu, 1INCH, FXS, TWT From Innovation Zone
3.5 Trillion SHIB On The Move
As per the data received by WhaleAlert, crypto whales moved 3.48 trillion Shiba Inu Coins in a single transaction. $40.2 million worth of SHIB was moved among two unknown wallets. It is important to note that this transaction was recorded before Binance decided to move SHIB out of the innovation zone.
Binance in a recent announcement decided to move several tokens including Shiba Inu out of the innovation zone from April 18, 2023. Frax Share (FXS), Trust Wallet Token (TWT) and 1 inch (1INCH) will be part of this degradation.
It added that the Innovation Zone was introduced to make crypto exchange a safer place. However, these tokens proved their projects to meet high levels of standards.
Also Read: Elon Musk Reveals US Govt Can Access Twitter DMs
Shiba Inu Burn Rate Drops
ShibArmy expects a reasonable amount of price surge after this big announcement. However, Shiba Inu price jumped by 2% in the last hour to erase the prior loss. SHIB is trading at an average price of $0.000011, at the press time. Its 24 hour trading volume is up by 3% to stand at $327.7 million.
According to the data, Shiba Inu Burn rate has registered a drop of 86% in the last 24 hours. ShibArmy managed to transfer only 31 million SHIB to a dead wallet over the past day.
- XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization
- SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown
- Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility
- October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges
- Hashdex Adds Cardano to Crypto Index Fund as ADA Gains SEC Listing Eligibility
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
- Analyst Predicts Dogecoin Price Surge as DOGE ETF AUM Hits $20M