Whale Transfers 3.48 Trillion SHIB Worth $40.2M To Unidentified Wallet - TheNewsCrypto

• A single transaction involving 3.48 trillion Shiba Inu Coins was conducted by crypto whales.
• This trade took place before Binance removed SHIB from its .innovation zone.

As the price of Bitcoin (BTC) skyrocketed recently, Shiba Inu, the second biggest meme crypto, saw a little comeback. However, since Binance, the biggest cryptocurrency exchange in the world, chooses to enhance its listing, SHIB’s price might experience a significant increase. Contrarily, crypto whales have been recorded transacting billions of Shiba Inu Coins.

According to the information gathered by WhaleAlert, a single transaction involving 3.48 trillion Shiba Inu Coins was conducted by crypto whales. There was a transfer of $40.2 million SHIB between two unidentified wallets. This trade took place before Binance removed SHIB from its ‘innovation zone,’ so that needs to be noted.

SHIB Army Excited Over Upgrade

Recent news from Binance indicates that the cryptocurrency exchange would begin removing various tokens, including Shiba Inu, from its “innovation zone” on April 18, 2023. This decline will affect cryptocurrencies such as Frax Share (FXS), Trust Wallet Token (TWT), and 1 inch (1INCH).

It was also said that the Innovation Zone was implemented to improve the security of trading cryptocurrencies. Nonetheless, the use of these tokens validated the quality of their respective projects. After such a monumental announcement, ShibArmy anticipates a price increase of some significance. The price of Shiba Inu had been falling, but a 1.31% increase in the last 24 hours has shown some bounce back.

At the time of publication, the average price of SHIB was $0.00001163. The volume has increased by 0.93% to $333.7 million. In the previous 24 hours, the Shiba Inu burn rate has decreased by 86%, according to the statistics. In the previous day, ShibArmy has only sent 31 million SHIB to a dead wallet.