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During this Binance update, 1.3 Trillion SHIBA were transferred

  • In 2022, Binance was no longer considered to be the most widely used cryptocurrency. On this list, SHIB token was mentioned.

  • Shiba Inu (SHIB), the second-largest meme cryptocurrency in the world, has recently been subject to increased selling pressure.

20-Dec-2022 By: Rohit Tripathi
During this Binance

Shiba Inu Coin News: Binance was no longer ranked

 As the most popular cryptocurrency in 2022. The name SHIB token appeared on this list.

The second-largest meme cryptocurrency in the world, Shiba Inu (SHIB), has recently experienced heightened selling pressure. However, of the top meme cryptos, the Shiba Inu price has decreased the least. In the past week, the price of Shiba Inu coins has decreased by about 2%.

After Binance submitted the highest bid, troubled crypto lender Voyager Digital sold its assets on Monday. Voyager can free consumer funds faster with the purchase. The company stated the asset deal is worth $1.022 billion. Crypto lenders must legally disburse customer payments. Court-approved disbursements and platform capabilities will return assets.

Do whales affect the price of Shiba Inu Coin?

Crypto whales have taken advantage of the recent price decline to add more Shibas to their wallets. According to the tracker's data, the whales have transferred more than 1.3 trillion SHIB during the past 24 hours. The entire value of the Shiba Inus carried by the whales is estimated to be $12 million.

A whale added 200 billion Shiba Inu Coin in a single transaction, according to the statistics. Crypto whale purchased items from the cryptocurrency exchange for over $1.7 million. However, a second whale also shifted 200 billion SHIB, which could cause a spike in the price of Shiba Inus.

While this was going on, the tracker's single largest transaction was the movement of 248.2 billion Shiba Inu Coin, which was roughly worth $2.1 million.

In the previous day, the price of Shiba Inus increased by more than 2%. As of the time of publication, SHIB is trading at an average price of $0.0000839. The market capitalization of Shiba Inu coin is at $4.8 billion.

The largest cryptocurrency exchange, Binance, released a list of the top three digital assets to watch in 2022. Shiba Inu, Ethereum, and Bitcoin (BTC) were on the list. However, SHIB pricing has seen a price increase after this statement.

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