Shiba Inu: Whale Moves $4.8 Million SHIB From Binance
According to cryptocurrency Analysis firm LookOnChain, a new wallet has moved 290.4 billion Shiba Inu (SHIB) coins from Binance. The value of the SHIB tokens is roughly $4.84 million. The movement of coins away from exchanges is considered bullish as it reduces the chances of them being sold. Also Read: Visa Partners with Fold to Introduce Bitcoin-Backed Credit Card A newly created wallet withdrew 290.4B $SHIB($4.84M) and 97,111 $AVAX($2.52M) from #Binance ~40 mins ago.https://t.co/5AcBCUmEga pic.twitter.com/ph0xpPnUL4 — Lookonchain (@lookonchain) February 13, 2025 Whales Bullish On Shiba Inu Source: Watcher Guru The transfer of coins from Binance into a wallet could signify that the whale is bullish on SHIB. The wallet owner may be anticipating a rally. It is also possible that the wallet owner is reorganizing their holdings and the wallet transfer is a temporary move. Also Read: Dogecoin: How To Become A Millionaire If DOGE Hits $5 After ETF SHIB has lost significant value over the ...