A massive amount of SHIB tokens worth roughly $31.76 million were moved to Binance in one transaction. This has caused a noteworthy shift in the token's distribution.

Etherscan.io data has revealed a remarkable happening - 4 trillion SHIB tokens, worth an estimated $31.76 million, have recently been transferred to a wallet linked to Binance, known as "Binance 8" in a single transaction yesterday, and has been verified by Whale Alert.

This action is highly consequential, leading to an increase of 1% in the amount of Shiba Inu (SHIB) tokens in circulation. According to Shibburn.com, the present circulating supply of SHIB is a mind-boggling 578.90 trillion tokens. At the same time, the number of staked tokens has gone down to 10.43 trillion SHIB.

The cause of this relocation is still a mystery, which has caused experts and shareholders to be puzzled as to its purpose. It is worth noting that long-term investors tend to lock up their tokens to aid in the preservation of the network and obtain rewards. This unexpected shift in SHIB tokens implies that the worth of Shiba Inu could be unsteady during the forthcoming trading periods.

HYIPer.net » 4 trillion SHIB tokens were transferred to Binance