Crypto Mufasa
Advertise
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
  • Login
  • Register
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
Crypto Mufasa
No Result
View All Result

Home » 4 Trillion Shiba Inu (SHIB) Tokens Moved To Binance

4 Trillion Shiba Inu (SHIB) Tokens Moved To Binance

Hania by Hania
June 9, 2023
in Altcoin News, Crypto Exchanges
Reading Time: 2 mins read
A A
0
4 Trillion Shiba Inu (SHIB) Tokens Moved To Binance
Share on FacebookShare on Twitter
ADVERTISEMENT

Recent hours saw a significant four trillion SHIB shift, according to cryptocurrency data tracker Whale Alert. An address marked as “Shiba Staking” expressly made the transfer to a Binance wallet.

Shiba Staking transferred 4,000,379,151,023 SHIB worth $31,709,005 to Binance, according to Whale Alert.

🚨 🚨 4,000,379,151,023 #SHIB (31,709,005 USD) transferred from Shiba Staking to #Binancehttps://t.co/eqntWcrNf0

— Whale Alert (@whale_alert) June 9, 2023

Coins can be transmitted to exchanges for a number of reasons, whether to sell, stake, or partake in an airdrop. Exchanges, which frequently maintain vast quantities of coins, occasionally have the option to shuffle their wallets. 

You May AlsoLike

OKX Pleads Guilty, Resolves DOJ Investigation with $505M Settlement

OKX Pleads Guilty, Resolves DOJ Investigation with $505M Settlement

February 28, 2025
Bitget Introduces BitEXC

Bitget Introduces BitEXC: A Customized Crypto Platform for Vietnam

December 3, 2024

The reason Shiba Staking switched to Binance is unknown. It has been speculated that this huge quantity of tokens may be unstaked, shuffled around in a large holder’s wallet, or even sold.

4 Trillion Shiba Inu (SHIB) Tokens Moved To Binance

Nevertheless, it should be remembered that Shibburn reported on January 10 to the precise date that Binance staked four trillion (4,000,000,000,000) SHIB via ShibaSwap. Four trillion SHIB tokens were thus removed from circulation in this manner. 

Read more: Shib Price Prediction for the End of 2023!

Following the event, comments made by SHIB BPP, a well-known member of the SHIB community, revealed that Binance has always had a whitelisted wallet since the creation of ShibaSwap, enabling them to stake SHIB in the system, claim awards, and distribute rewards to users.

The assumption stated may be speculative since no mention of the four trillion SHIB staked has been made as of the publishing of this article.

As on June 13, the U.S. subsidiary of Binance will only trade cryptocurrencies, according to a recent update. This decision was made in response to pressure from the SEC, which this week targeted the business with a significant enforcement action. 

In a tweet, Binance.US stated that although it is temporarily shifting to an all-crypto exchange, cryptocurrency trading, staking, deposits, and withdrawals are still completely functional.

Tags: crypto newsmarketshiba inu news
Share78Tweet49
ADVERTISEMENT
Previous Post

Stablecoin Bill Released By US House: Bringing Clarity And Granting Fed Authority

Next Post

Protect Your Cryptocurrency: Avoid These Top 3 Ignorant Practices That Expose Your Wallet To Scammers

Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

OKX Pleads Guilty, Resolves DOJ Investigation with $505M Settlement
Crypto Exchanges

OKX Pleads Guilty, Resolves DOJ Investigation with $505M Settlement

February 28, 2025
Bitget Introduces BitEXC
Crypto Exchanges

Bitget Introduces BitEXC: A Customized Crypto Platform for Vietnam

December 3, 2024
Coinbase high listing fee
Crypto Exchanges

Coinbase Face Scrutiny Over High Listing Costs, Sparking Shift Towards Decentralized Platforms

November 5, 2024
Election-Themed Meme Coins Experience Price Surge Ahead of U.S. Presidential Vote
Altcoin News

Election-Themed Meme Coins Experience Price Surge Ahead of U.S. Presidential Vote

November 4, 2024
$BC token launch
Altcoin News

$BC Token Launch and 1 Billion $BC Airdrop: A New Era for BC.Game

November 1, 2024
Why Chris Larsen's XRP Donation to Kamala Harris Matters
Altcoin News

Ripple Co-Founder Chris Larsen Backs Kamala Harris with $10M XRP Donation

October 23, 2024
Next Post
Protect Your Cryptocurrency: Avoid These Top 3 Ignorant Practices That Expose Your Wallet To Scammers

Protect Your Cryptocurrency: Avoid These Top 3 Ignorant Practices That Expose Your Wallet To Scammers

Discussion about this post

Live Prices

Stay Connected

You May Also Like

  • MetaMask Ethereum Wallet Expands Support for Both Bitcoin and Solana

    MetaMask Ethereum Wallet Expands Support for Both Bitcoin and Solana

    196 shares
    Share 78 Tweet 49
  • Why the Bitcoin Halving Is Happening Sooner Than Anticipated

    237 shares
    Share 95 Tweet 59
  • Solana Futures Launch at CME Boosts Price Amid High Demand

    191 shares
    Share 76 Tweet 48
  • Cardano (ADA) Staking Now enabled by Trust Wallet

    190 shares
    Share 76 Tweet 48
  • March 2025 Polymarket Bets Boom for Bitcoin, XRP, ETH, AI, and DOGE – The Future of Cryptocurrency Trading!

    196 shares
    Share 78 Tweet 49
  • About Us
  • Contact Us
  • Work With Us
  • Privacy Policy
  • Terms Of Service

© 2022-2024 CryptoMufasa - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms Of Services and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Price Predictions
  • Google News

© 2022-2024 CryptoMufasa - All Rights Reserved!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Don’t Miss Out on the Best in Crypto!

Stay ahead with a weekly digest of the top news and insights—no spam, no ads, just the essential updates delivered straight to your inbox. Subscribe now for valuable content you can trust!

johnsmith@example.com
subscribe to email

Never see this message again.