SHIB Statement From Binance: Rewards Will Be Distributed!

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  • According to a statement made by Binance, the world’s largest crypto exchange, on Twitter, the exchange will distribute free Shiba Inu (SHIB) to new users of the platform.

Binance exchange announced today that new users are free. Shiba Inu (SHIB) announced the “Learn and feel Binance” promotional offer that allows them to earn their tokens. According to the blog post, new users will be eligible for 45,000 SHIB after completing an online course and exam. These SHIB rewards will be automatically staked for 150 days, during which time customers will earn 100 percent APY.

As stated in an official blog post, all new users who open a Binance account and complete KYC by 10:00 am on June 9 will be eligible for the draw until their token supply runs out.

Binance also announced in March that it gave a $100,000 gift to new users of Shiba Inu. The exchange first listed the Shiba Inu in May 2021, making it one of the first major trading platforms to adopt the meme cryptocurrency. The Shiba Inu later became available on the company’s US-based subsidiary, Binance.US, in September of the same year.

Binance Custody, the custodial arm of the crypto exchange, has also added support for the Shiba Inu, further expanding its support for the prank cryptocurrency. Binance also added a new SHIB trading pair, SHIB/GBP, to its platform at the beginning of May.

Whales continue to attack SHIB

WhaleStats crypto monitoring serviceannounced another recent major Shiba Inu acquisition. A popular Ethereum whale bought 187 billion meme coins, while the SHIB price continued to drop despite numerous adoption cases.

187 billion SHIB purchased during whale price drop

Popular crypto whale “BlueWhale0159” purchased 187,000,000,000 Shiba Inu tokens and paid a total of $1,985,940 for this purchase.

According to this investor’s wallet, the whale account has already sold this huge amount of meme cryptocurrency. Despite this, WhaleStats shows that the Shiba Inu is currently on both the top 10 most bought cryptocurrencies list and the 10 best sold cryptocurrencies list.

As reported by U.Today, on June 1, the same Ethereum whale “BlueWhale0073” had purchased 130,419,267,297 SHIB worth $1,531,122.

SHIB payments recently integrated in 180 countries

According to a recently announced news, after the collaboration of BitPay and non-custodial wallet Edge, consumers in 179 countries can now use SHIB, Dogecoin, BTC, LTC and other digital currencies to purchase goods and services.

With a user base of over 1.7 million accounts, Edge and BitPay join forces, making payments in SHIB and other cryptos now available to more than 200 million users worldwide.

According to CoinGecko data SHIB price It is trading sideways at the time of writing and is located at $0.0000010.

You can check the price movements here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.


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