3.5 Trillion Shiba Inu Moved Ahead Of Binance Upgrade

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Shiba Inu Coin News

Shiba Inu Coin News: Shiba Inu, the second largest meme crypto, registered a mild recovery as Bitcoin (BTC) price spiked last week. However, it is expected that SHIB price might see a surge as Binance, world’s largest crypto exchange decides to upgrade its listing. Meanwhile, crypto whales have been caught moving trillions of Shiba Inu Coins.

Also Read: Binance Removes Shiba Inu, 1INCH, FXS, TWT From Innovation Zone

3.5 Trillion SHIB On The Move

As per the data received by WhaleAlert, crypto whales moved 3.48 trillion Shiba Inu Coins in a single transaction. $40.2 million worth of SHIB was moved among two unknown wallets. It is important to note that this transaction was recorded before Binance decided to move SHIB out of the innovation zone.

Binance in a recent announcement decided to move several tokens including Shiba Inu out of the innovation zone from April 18, 2023. Frax Share (FXS), Trust Wallet Token (TWT) and 1 inch (1INCH) will be part of this degradation.

It added that the Innovation Zone was introduced to make crypto exchange a safer place. However, these tokens proved their projects to meet high levels of standards.

Also Read: Elon Musk Reveals US Govt Can Access Twitter DMs

The post 3.5 Trillion Shiba Inu Moved Ahead Of Binance Upgrade appeared first on CoinGape.

Source: coingape.com
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