Crypto tracking service –Whale Alert recently reported the withdrawal of 2.28 trillion SHIB tokens from Binance to an unknown wallet.
Shiba Inu whales have been active in recent times as they continue to move sizable amounts of the token. Most of these movements involve the withdrawal of Shiba Inu tokens from centralized exchanges.
Anonymous Whale Withdrawal
In a recent tweet, Shiba Inu’s marketing specialist called attention to one of these massive movements shared by Whale Alert.
According to data, an anonymous Shiba Inu whale withdrew 2.28 trillion SHIB tokens from Binance. The transaction which took place yesterday was valued at approximately $23.58 million. Apparently, the anonymous whale first accumulated the canine-themed on Binance before withdrawing the funds to an external wallet.
SHIB’s Marketing Lead Reactions
As expected, the transaction attracted the interest of Shiba Inu community members, including the marketing lead -Lucie.
Commenting, Lucie called attention to the transaction.
At the time of writing, the 2.28 trillion Shiba Inu tokens are still held in the receiving address, and SHIB ranks as the fourth-biggest asset in the wallet.
Following the withdrawal of 2.28T SHIB from Binance, it is expected that the user behind the transaction intends to hold the tokens for the long term.
SHIB Trades Above $0.00001
In the meantime, SHIB has continued to trade above the $0.00001 price level for nine consecutive days. Despite Bitcoin’s recent pullback to $42,000, SHIB is still positioned above the $0.00001 level.
This marks the longest period Shiba Inu has stayed above the $0.00001 level in several weeks, thus stirring speculations that the canine-themed token could be preparing for a major uptrend.