A newly generated cryptocurrency wallet has withdrawn over 110 billion Shiba Inu (SHIB) tokens from Binance, drawing significant interest from the Shiba Inu community and the broader crypto market.
Details of the SHIB Transaction
This transaction, highlighted by blockchain tracker Onchain Lens, occurred on July 30 and was completed in three separate transfers involving two Binance wallets labeled Binance 14 and Binance 15. The total amount withdrawn was 110.34 billion SHIB, which had an approximate value of $1.45 million at the time of the transfer. The tokens currently remain in the recipient wallet with no indication of onward movement, suggesting that the holder intends to retain them, at least in the short term.
Withdrawal of Other Crypto Assets
The user behind this wallet not only withdrew SHIB. Other crypto assets were also moved from Binance as part of the same wave of transactions. These included 80,126 Chainlink (LINK), valued at about $1.46 million, 3.44 million Polygon (MATIC), worth around $762,000, and 142.62 Ethereum (ETH), with an estimated value of $552,000. Together, these assets brought the total value withdrawn to over $4.2 million.
Shiba Inu Team's Reaction and Overall Market Context
Reacting to the SHIB-related transfer, Lucie, who serves as a marketing lead within the Shiba Inu ecosystem, acknowledged the development on social media with a simple tweet of “SHIB” accompanied by a heart-eyed emoji. Her brief but upbeat response was widely interpreted as a positive signal, reflecting enthusiasm around what some see as a bullish move by the wallet holder. Meanwhile, the broader market faces pressure due to a new tariff policy unveiled by U.S. President Donald Trump, leading to liquidations of over $754 million in crypto positions in just 24 hours.
The significant withdrawal of over 110 billion Shiba Inu tokens from Binance highlights sustained interest from key players, even amidst market volatility. This incident confirms that some investors are making strategic moves with long-term prospects in mind, despite short-term price fluctuations.
