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HomeCrypto NewsMarket4T Shiba Inu Unstaked & Moved To Binance as SHIB Drops To 17th Place in Top Cryptos

4T Shiba Inu Unstaked & Moved To Binance as SHIB Drops To 17th Place in Top Cryptos


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Billions of Shiba Inu shifted to Binance.

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Over $31.76 Million worth of Shiba Inu (SHIB) unstaked and transferred to Binance in a single transaction. Shibburn.com data highlights the significant change in token distribution following the move.

Etherscan.io data revealed that a staggering 4,000,379,151,023 (4T) SHIB, valued at $31,763,010 ($31.76M), were recently unstaked and moved to a wallet linked with Binance, identified as “Binance 8,” in a single transaction. This significant movement occurred just one hour ago. Whale Alert also has confirmed the transaction.

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The impact of this move is significant, as it has caused the circulating supply of Shiba Inu (SHIB) tokens to increase by 1%. Per Shibburn.com data, the current circulating supply of SHIB now stands at a staggering 578,908,811,038,448 (578.90 trillion) tokens. Simultaneously, the number of staked tokens has decreased to 10,442,216,206,796 (10.44 trillion) SHIB.

Shiba Inu Tokens Distribution
Shiba Inu Tokens Distribution

The motive behind this transfer remains unknown at this time, leaving experts and investors curious about its intentions. It’s important to note that long-term investors often stake their tokens to support network security and receive rewards. This unexpected movement of SHIB tokens suggests that the price of Shiba Inu could experience volatility in the upcoming trading sessions.

Following the move, Shiba Inu has lost its 15th position as the world’s largest cryptocurrency by market cap, slipping down to the 17th spot. Currently, Shiba Inu holds a market capitalization of $4,669,120,393 ($4.69 billion).

As of press time, Shiba Inu is trading at $0.000007922, down -0.68% over the past day, with a 24-hour trading volume of $64,758,475 ($64.75 million).

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



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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