Shiba Inu Team Responds as 110B SHIB Leaves Binance in Whale Move

A newly created crypto wallet has withdrawn a staggering 110.34 billion SHIB tokens from Binance. According to Onchain Lens, Binance transferred the tokens from its Binance 14 and Binance 15 wallets in three separate transactions. The withdrawals included 181,430 SHIB, 55 billion SHIB, and another 55.34 billion SHIB, totaling more than $1.45 million at the time.

Additional Crypto Withdrawals

Besides SHIB, the wallet owner also moved other assets from Binance. The address withdrew 80,126 LINK worth $1.46 million, 3.44 million MATIC valued at $762,000, and 142.62 ETH worth $552,000. These moves suggest significant accumulation during a volatile market phase.

SHIB 🥰 https://t.co/KtULU9gZfg
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) July 31, 2025

Lucie, Shiba Inu’s ecosystem marketer, reacted to the transfer on social media. She tweeted “SHIB” with a smiling face and hearts emoji, signaling excitement within the community. Such a large withdrawal to a private wallet typically indicates long-term holding intentions, as the user is unlikely to sell soon.

This event follows a similar development last week when an unknown wallet withdrew 5 trillion SHIB from Coinbase. Large moves like these often signal investor confidence in Shiba Inu’s future.

Market Timing and Price Action

Notably, this withdrawal came as SHIB rebounded above $0.000013 after briefly dipping to $0.00001268 on July 30. The investor likely took advantage of the dip to accumulate SHIB at a lower price before transferring it off the exchange.

Meanwhile, the overall crypto market has faced heavy selling pressure. Over the past 24 hours, $754 million in liquidations occurred following President Donald Trump’s new tariff plan targeting most countries. This announcement negatively impacted global financial markets, pushing the total crypto market cap down 4.51% to $3.72 trillion.

Shiba Inu has dropped 7.42% in the past day, currently trading at $0.00001212. Despite the decline, SHIB remains the 22nd-largest cryptocurrency with a market capitalization of $7.14 billion.

Lanre Durojaiye

Mr. Durojaiye Olusola is a finance graduate and cryptocurrency writer with over a year of experience providing market insights and clear, well-researched analysis. Dedicated to helping readers understand blockchain trends and digital asset developments.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.