Altcoin News

Shiba Inu News: New Whale Moving 2.4 Trillion SHIB From BinanceUS? Price To Jump?

Shiba Inu News: 2.4 Trillion Shiba Inu (SHIB) tokens were moved from BinanceUS to an unknown wallet, will price jump?
Published by
Shiba Inu News: New Whale Moving 2.4 Trillion SHIB From BinanceUS? Price To Jump?

Shiba Inu News: 2.4 trillion Shiba Inu (SHIB) tokens were moved from BinanceUS to an unknown wallet, according to Whale Alert. Shiba Inu witnessed a rise in whale accumulation after lead developer Shytoshi Kusama announced the possibility of releasing the much-awaited Shibarium mainnet in August along with the Worldpaper.

Advertisement

Shiba Inu Whale Moves 2.4 Trillion SHIB Tokens

Whale Alert reported the transfer of 2,416,836,656,676 SHIB tokens worth $18.77 million BinanceUS to an unknown wallet on July 20.

Etherscan data revealed BinanceUS has been moving many tokens from BinanceUS 2 wallet to a new wallet address 0x058A in the last two days. Thus, the wallet address could possibly belong to the crypto exchange. The wallet address has 69 tokens worth $72.62 million.

Several members of the Shiba Inu community noted the massive transfer of SHIB tokens from BinanceUS, believing the transfer is related to the Shibarium launch next month.

Advertisement

SHIB and BONE Prices Pump in Anticipation of Shibarium Launch

Shiba Inu and Shibarium’s gas token BONE prices started rallying after the news of the Shiba Inu ecosystem as the title sponsor of the Blockchain Futurist Conference, and official hackathons ETHToronto and ETHWomen to be held in Canada in August, where the team may likely release Shibarium.

Moreover, Shiba Inu whale transactions have jumped in anticipation of the Layer-2 blockchain Shibarium launch next month. Also, the Shibarium mainnet “PuppyNet” has surpassed 30 million transactions.

SHIB price currently trades at $0.0000077, moving sideways in the last 24 hours. The 24-hour low and high are $0.00000766 and $0.00000780, respectively.

Meanwhile, Shibarium’s gas token Bone ShibaSwap (BONE) currently trading 3% up at $1.27. The 24-hour low and high are $1.22 and $1.29, respectively.

Also Read:

Advertisement

Share
Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?

Bitcoin traders are turning their attention to this week’s Federal Open Market Committee (FOMC) meeting.…

October 26, 2025
  • News

White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC

White House crypto czar David Sacks has shown his support for Donald Trump's nomination of…

October 25, 2025
  • News

Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role

Crypto firm Ripple has revealed that it is exploring new ways to use XRP within…

October 25, 2025
  • News

Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms

Kyrgyzstan has made a significant move in the adoption of digital finance. It has now…

October 25, 2025
  • News

Ripple-Backed Evernorth Grows XRP Treasury to $1B Ahead of Nasdaq Listing

Ripple-backed Evernorth's XRP treasury has grown to $1 billion just days after the company announced…

October 25, 2025
  • News

Trump Tariff Tensions Ease as U.S. and China Hold Positive Trade Talks Ahead of Oct 30 Summit

In fresh developments, the United States and China’s trade teams have commenced negotiations on the…

October 25, 2025