Shiba Inu News: 4 Trillion SHIB Tokens Worth $32 Million Moved To Binance
The massive unstaking of Shiba Inu tokens raised speculation in the community about whether the SHIB price to witness another liquidation. Shiba Inu (SHIB) Tokens Worth $32 Million Transferred to Binance Whale monitoring system Whale Alert in a tweet on June 9 revealed that 4,000,379,151,023 Shiba Inu ( SHIB ) tokens worth $31,709,005 were released from staking and transferred to Binance . The Shiba Inu community reacted to the massive transfer to Binance, speculating whether a price drop is coming. Typically, unstaking events of millions of SHIB tokens are normal. However, trillions of SHIB unstaking in a single transaction raise uncertainty as SHIB tokens could be dumped to exchange. The Shiba Inu community currently awaits the Layer-2 blockchain Shibarium mainnet launch, expected at the end of the year. Lead developer Shytoshi Kusama has hinted at the Shibarium launch soon but a lack of updates on the major event impacted SHIB and BONE prices. Recommended Arti...