Binance Stakes 4 Trillion SHIB: Will Shiba Inu Price Move Upward? – Crypto News – Crypto News
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Binance Stakes 4 Trillion SHIB: Will Shiba Inu Price Move Upward? – Crypto News

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Shiba Inu Coin News: shiba inu, the world’s second largest meme crypto price registered a positive upward trend since the beginning of 2023. Recent updates from the Shiba Inu Ecosystem have played a major role in this price recovery. However, the latest development from Binancethe largest crypto exchange can send the SHIB token price to the moon.

4 trillion Shiba Inu Coin staked?

WhaleAlert reported that Binance sent 4 trillion Shiba Inu (approx worth $36 million) to an unknown wallet in a single transaction.

As we dig in, Shibburn declared that Binance staked those 4 trillion SHIB tokens using ShibaSwap. This move has directly sent approximately $36 million worth of Shiba Inu tokens temporarily out of circulation.

Shibburn further added that there was another transaction of un-staking 12.6 trillion Shiba Inu Coin (approx worth $116.2 million) from ShibaSwap by Binance. However, after this transaction, the largest crypto exchange re-staked 4 trillion Shiba Inu Coin.

The post Binance Stakes 4 Trillion SHIB: Will Shiba Inu Price Move Upward? appeared first on CoinGape,

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