Whales Send This Meme Token To Binance, Price Drops!

Etherscan provided by and @shibaplay_ Data shared on Twitter by user named whales in the last 24 hours shiba inu tokens Binance shows that they are active in posting to the stock exchange.

Whales Send Hundreds of Billion Shiba Inu (SHIB) to Binance

Four major transactions were detected, moving close to a total of 800 billion SHIB shared on Etherscan.

These transactions come after Binance CEO Changpeng Zhao tweeted that the situation with large withdrawals from Binance wallets has more or less stabilized and deposits are starting to come back into Binance wallets.

Four transactions were mentioned, each carrying 150 billion to 207.8 billion Shiba Inu. A total of 207,208,495,544 SHIBs were deposited into a Binance wallet from an unknown address.

Whale alert 🚨: 207,208,495,544 $SHIB transferred.
check details 👇🏻 https://t.co/1E69oYb1BD

— ShibaPlay (@shibaplay_) December 14, 2022

This SHIB stack is valued at $1,846,227. Another similar set of meme coins was transferred between anonymous wallets.

Finally, 1500,000,000 SHIB worth $1,336,500 were again sent to the Binance exchange.

On December 14, Binance’s CZ took to Twitter to announce that the situation regarding large withdrawals from the exchange had stabilized and deposits were starting to come back.

Yesterday, investors BNB and BUSDThey were actively converting Ethereum and ERC20 tokens to cold wallets or other exchanges.

The BNB price has dropped significantly. In one day, nearly $2 billion worth of cryptocurrency withdrawals were processed.

However, CZ said that during the times when FTX and LUNA crashed, the exchange faced larger withdrawals, and the aforementioned fund movements were not included in even the largest five withdrawals they had witnessed.

The Shiba Inu price has dropped 3 percent in the last 24 hours, trading at $0.00000887 at the time of this writing, after whales sent a large amount of tokens to the Binance exchange.

*Not investment advice.