Several transfers of SHIB have been spotted, moving astounding lumps of Shiba Inu to Binance exchange
Data provided by Etherscan and posted on Twitter by the handle @shibaplay_ shows that over the past 24 hours, whales have been active in sending their meme Shiba Inu tokens to the Binance exchange.
Four large transactions were detected, moving a total of close to 800 billion SHIB, their details shared on Etherscan. These transactions took place after CEO of Binance Changpeng Zhao (known as simply CZ), tweeted that the situation with massive withdrawals from Binance wallets had more or less stabilized, and deposits began coming back to Binance wallets.
750 Billion SHIB On The Move, Are Whales Depositing Again On Binance?
Four transactions were noted, each ranging from 150 billion to 207.8 billion Shiba Inu. A total of 207,208,495,544 SHIB was deposited into the Binance wallet from an unknown address. The valuation of this SHIB lump is $1,846,227. Another similar portion of meme coins was transferred between anonymous wallets.
Finally, 150,000,000,000 SHIB worth $1,336,500 was again sent to the Binance exchange.
CZ says deposits are slowly coming back
On December 14, Binance’s CZ announced on Twitter that the situation regarding mass withdrawals from the exchange has stabilized and deposits have begun to return. ,
Over the previous day, investors and traders were actively converting BNB and BUSD into Ethereum and ERC20 tokens to withdraw them to cold wallets or other exchanges. The BNB price dropped significantly. Within one day, close to $2 billion worth of crypto withdrawals was processed.
However, CZ tweeted that the exchange suffered large withdrawals during the period when FTX and LUNA crashed, and the above money move was not even in the top five largest withdrawals.
The withdrawals began after the U.S. prosecutor’s office announced it was considering charging Binance with money laundering. CZ commented on that, claiming that it was FUD (“fear, uncertainty, doubt”).
