A newly generated cryptocurrency wallet has withdrawn over 110 billion Shiba Inu (SHIB) tokens from Binance, drawing significant interest from the Shiba Inu community and the broader crypto market. This transaction, which was highlighted by blockchain tracker Onchain Lens , occurred on July 30 and was completed in three separate transfers involving two Binance wallets labeled Binance 14 and Binance 15. The total amount withdrawn came to 110.34 billion SHIB, which had an approximate value of $1.45 million at the time of the transfer. As of now, the tokens remain in the recipient wallet with no indication of onward movement, suggesting that the holder intends to retain them, at least in the short term. A newly created wallet has withdrawn tokens worth $4.2M from #Binance : – 80,126 $LINK worth $1.46M – 110.34B $SHIB worth $1.45M – 3.44M $MATIC worth $762K – 142.62 $ETH worth $552K Address: 0x1e29731E8473fc2Ae7593a95813f4B9DCcd4Ee325 pic.twitter.com/rfTALSt2U0 — Onchain Lens (@OnchainLens) July 31, 2025 Additional Crypto Assets Also Moved The user behind this wallet not only withdraws SHIB. Other crypto assets were also moved from Binance as part of the same wave of transactions. These included 80,126 Chainlink (LINK), valued at about $1.46 million, 3.44 million Polygon (MATIC), worth around $762,000, and 142.62 Ethereum (ETH), with an estimated value of $552,000. Combined, these assets brought the total value withdrawn to over $4.2 million. Such transfers often signal confidence in long-term holdings , especially when funds are moved to private wallets instead of being left on exchanges. Shiba Inu Team Responds to the Transfer Reacting to the SHIB-related transfer, Lucie, who serves as a marketing lead within the Shiba Inu ecosystem, acknowledged the development on social media by simply tweeting “SHIB” accompanied by a heart-eyed emoji. Her brief but upbeat response was widely interpreted as a positive signal, reflecting enthusiasm around what some see as a bullish move by the wallet holder. This comes at a time when SHIB’s on-chain activity is being closely monitored following a similar event last week , during which a separate wallet removed 5 trillion SHIB tokens from Coinbase . One notable aspect of the Binance withdrawal is the timing. The transaction took place shortly after SHIB briefly dropped to $0.00001268 before rebounding above the $0.000013 level. It appears the buyer may have taken advantage of the short-lived dip to acquire SHIB at a more favourable rate. These kinds of strategic moves often reflect a belief in the token’s long-term value and utility. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Wider Market Faces Downturn Amid Tariff Concerns However, while these individual movements suggest optimism among certain investors, the broader crypto market is currently under pressure. A general decline has followed the unveiling of yet another tariff policy by U.S. President Donald Trump, which proposes increased import duties on a wide range of countries. This policy shift has unsettled global markets, triggering liquidations of over $754 million in crypto positions in just 24 hours. The total cryptocurrency market capitalization has dropped by 4.51%, now standing at roughly $3.72 trillion. Shiba Inu has not been immune to this trend. Over the past 24 hours, SHIB has declined by 4.14%, currently trading at $0.00001226. Despite the price dip, it remains the 22nd largest cryptocurrency by market capitalization, holding a total market value of $7.23billion. While SHIB’s recent price performance reflects ongoing volatility in the broader market, the significant withdrawal of over 110 billion tokens from Binance into a private wallet indicates sustained interest from certain holders. This move, combined with past large-scale transfers, suggests that key players may be positioning for long-term involvement, despite short-term price fluctuations. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Over 110 Billion Shiba Inu (SHIB) Stuns Binance. Here’s What Happened appeared first on Times Tabloid .
