A whale withdrew millions of dollars worth of Shiba Inu (SHIB) from Binance, the world’s largest cryptocurrency exchange.
According to the post of Blockchain analysis platform Lookonchain, a newly opened wallet was transferred from Binance in the morning. More than 546 billion SHIB pulled.
Shiba Inu ranks as the largest memecoin in terms of market cap, after Dogecoin. According to TradingView data, SHIB lost 11.37% in value in the last month.
Shiba Inu team in November and December using transaction fees from Shibarium more than 36 billion He burned tokens.
While more than 76 billion SHIBs will be burned in total throughout 2023, the token has a total supply of approximately 590 trillion.