4 Trillion Shiba Inu (SHIB) on the move from Binance to ShibaSwap.
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.
The whale alert account also confirmed the transaction.
— Whale Alert (@whale_alert) January 10, 2023
According to ShibBurn, these 4T coins were staked by Binance on Shib Dex.
— Shibburn (@shibburn) January 10, 2023
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.
Check the top 100 whales here: https://t.co/N5qqsCAH8j
— WhaleStats (tracking crypto whales) (@WhaleStats) January 10, 2023
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.
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.