4 Trillion This Altcoin Transferred From Binance! How Will The Price Be Affected?

from Dogecoin (DOGE) second largest meme token in the world after Shiba Inu (SHIB)has increased positively since the start of 2023.

It’s on the rise Shiba Inu The news and latest updates from the ecosystem also supported it.

While these developments are taking place on the SHIB front, the world’s largest cryptocurrency stock market Binancefrom a warm SHIB news came.

Site that tracks major cryptocurrency and whale transactions Whale Alertsaid that a SHIB whale moved 4 trillion Shiba Inu tokens (worth approximately $35 million) from Binance to unknown wallet.

🚨 🚨 4,000,000,000,000 #SHIB (34,736,666 USD) transferred from #Binance to unknown wallethttps://t.co/Jen0cCfHEN

— Whale Alert (@whale_alert) January 10, 2023

The fact that all cryptocurrencies have continued their upward movement in recent days has also benefited SHIB. SHIB, which has increased by 7 percent during the day, is trading at $ .927. The most important resistance at this stage for SHIB to continue its upwards is seen as $.965.

FTXThe large-scale withdrawals and transfers made under the influence of FUD after the bankruptcy of Binance also affected Binance.

In this context, there was a significant outflow of funds from Binance. According to data from Forbes, Binance has seen more than $12 billion in funding outflows over the past two months and is also seeing relatively slower trading volume growth.

Despite experiencing large outflows of funds from Binance, Binance has backed up its fund outflow and ability to fulfill its current withdrawal obligation with proof-of-reserve reports.

Moreover Binance Despite the fund outflows it has experienced, it has recently MATIC Big inflows also live on, including more than $8 million in MATIC, whose whales moved to the stock market.

Binance CEO Changpeng Zhao (CZ) He also repeated every time that the stock market is not a beginner in withdrawing money and does not have any problems.