Shibburn Now Reveals Details Of The 4 Trillion SHIB Moved By Binance

Key Points:

• Shibburn crypto tracker has shared details of the massive SHIB movement recently reported by Whale Alert.
• Binance first transferred 12,661,395,600,288 Shiba Inu (SHIB) worth $116,231,611, after which 4 trillion Shiba Inu was restaked. The total number of SHIB staked has now plummeted to 18,101,132,414,550 coins.

On January 10, 2023, A Shiba Inu (SHIB) whale moved up to 4 trillion tokens from Binance, the world’s largest cryptocurrency exchange by trading volume, to an unidentified wallet. Shibburn tracker then revealed information about this big movement.

According to statistics from crypto analytics provider Whale Alert, the transferred SHIB tokens are valued at $34,736,666, and their regularity is sparking a lot of speculations about the trading site.

These actions indicate that assets will be transferred from one venue to another, and exchanges remain solvent when total assets coming in surpass the total assets removed each time period. Since the collapse of the FTX derivatives exchange, there has been a surge of interest in centralized exchanges, particularly Binance, which controls a sizable market share.

After a few hours, Shibburn, a cryptocurrency tracker that tracks Shib burn transactions, revealed information about the big SHIB movement reported by Whale Alert, saying that these $36,280,000 meme coins were restaked by the crypto trading giant.

As stated by Shibburn, Binance first transferred 12,661,395,600,288 Shiba Inu (SHIB) worth $116,231,611. This big amount of meme tokens were withdrawn from ShibaSwap dex’s staking pool. Subsequently, 4 trillion Shiba Inu was restaked. According to the tracker’s website at the time of writing, the total number of SHIB staked has now plummeted to 18,101,132,414,550 coins.

Shibburn further stated that 4 trillion coins are currently out of circulation.

Furthermore, this news has been commented on by SHIB community influencer ShibBPP. On the day ShibaSwap was launched, Binance exchange set up a whitelisted wallet, according to him. CZ’s crypto giant is now staking SHIB there and rewarding its users from it.

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