741 Billion SHIB Moved, 576 Billion of the SHIB Tokens Sent to Staking Pools: Details

Going by data from Etherscan, about 165 billion SHIB tokens were sent to Binance from an anonymous wallet a few hours ago. Also, over 500 billion SHIB tokens were sent to staking pools within the said period.

576 billion SHIB sent to staking pools

Two transactions seen on Etherscan show that in the past 15 hours, a relatively 576 billion Shiba Inu has been sent to staking pools.

76,095,212,376 coins were staked to the Unicorn exchange. While a total of 499,998,718,826 SHIB tokens worth $6,055,991 were also staked to an anonymous pool.

Source: Etherscan

According to data from Shibburn, a total of 30,037,971,864,244 SHIB has been staked in various pools, while 410,380,074,537,062 Shiba Inu has been removed from circulation via various burn initiatives. 559,581,953,598,693 Shiba Inu coins remain within the circulating supply.

Billions of Shiba Inu Tokens Sent to Binance

The data on Etherscan shows that an anonymous wallet 0xf05e2a70346560d3228c7002194bb7c5dc8fe100 moved a total of 164,980,505,611 SHIB tokens to a wallet belonging to Binance exchange, codenamed Binance 14, which could end up being sold.

At the time of filing this report, this wallet contains zero Shiba Inu tokens. Before the whopping movement of tokens, this whale had more than 12 incoming transactions that sent in roughly 100 billion SHIB over the past 12 days.

Today this whale sold all his SHIB stash that he had been gathering recently. In fiat, this amount of meme crypto is equal to $1,997,913.

This implies that about 741 billion SHIB tokens have been on the move within the last 24 hours.

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Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.