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HomeCrypto NewsMarket4 Trillion Shiba Inu Moves From Binance To ShibaSwap

4 Trillion Shiba Inu Moves From Binance To ShibaSwap

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4 Trillion Shiba Inu (SHIB) on the move from Binance to ShibaSwap.

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Etherscan.io data recently reported a transfer of a staggering 4,000,000,000,000 (4T) SHIB, worth $35,080,000 ($35.08M) from a Binance-associated wallet tagged “Binance 8” to a wallet linked to Shiba Inu decentralized exchange, ShibaSwap in one significant transaction. The data further reveals that the transaction is executed exactly at 07:18:35 AM +UTC.

4 Trillion SHIB Transferred to ShibaSwap
4 Trillion SHIB Transferred to ShibaSwap

The whale alert account also confirmed the transaction.

According to ShibBurn, these 4T coins were staked by Binance on Shib Dex.

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The development comes after Certik ranked ShibaSwap as the top watchlisted DEX project on its platform while knocking the well-known projects including 1inch Network (1INCH) and PancakeSwap (CAKE).

On the other hand, the famous blockchain data tracking website, WhaleStats reported that Shiba Inu becomes one of the most purchased tokens among the 100 biggest ETH whales in the past 24 hours.

As per the data provided by WhaleStats, the top 100 ETH whales have bought 341,296,045 (341.29M) SHIB, on average in the past 24 hours.

SHIB Becomes the Most Purchased Tokens Among Top 100 ETH Whales
SHIB Becomes the Most Purchased Tokens Among Top 100 ETH Whales

As reported earlier by The Crypto Basic, Binance becomes the world’s biggest holder of Shiba Inu. Binance holds the most Shiba Inu in two of its wallets tagged “Binance 28” and “Binance 8”. As of writing, the two said wallets collectively hold an astounding 83 Trillion SHIB, worth $738,549,274 ($738.54M). Moreover, CoinMarketCap data suggests that Binance holds a whopping 87 trillion Shiba Inu as its reserves in seven of its associated wallets.

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Zabi
Zabi
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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