Ethereum News Today: Ethereum Whale Withdraws $1.45M SHIB and Major Crypto From Binance in One Hour

A previously unseen Ethereum wallet executed a large-scale withdrawal from Binance on July 30, removing over 110 billion Shiba Inu (SHIB) tokens—worth approximately $1.45 million—as well as other major cryptocurrencies including 80,126 Chainlink (LINK), valued at $1.46 million; 3.44 million Polygon (MATIC), worth $762,000; and 142.62 Ethereum (ETH), valued at $552,000 [2]. The transfers were made from two known Binance wallets labeled "Binance 14" and "Binance 15," and completed in under an hour with no prior on-chain activity [2].

This sudden and massive withdrawal has sparked speculation that the wallet may belong to a large investor, or "whale," consolidating assets or preparing for strategic market moves [2]. The timing of the SHIB withdrawal is particularly noteworthy, as the token had recently hit a monthly low of $0.00001260 before rebounding to $0.00001310, suggesting the whale may have used the dip to accumulate a large position [2]. The transfer into a newly created wallet, which had no prior history of transactions, raises further questions about the origin and intent of the movement [2].

Such large-scale withdrawals are rare and often indicate macro-level activity, such as moving assets to cold storage or preparing for participation in decentralized finance (DeFi) protocols [2]. The SHIB community and broader crypto market are now closely watching for any further movement of these tokens, which could influence SHIB’s price and market dynamics in the near term [2].

The Shiba Inu marketing lead, Lucie, responded to the withdrawal on social media with a brief but positive tweet, which many interpreted as an encouraging signal for SHIB holders [2]. This follows a similar large withdrawal of 5 trillion SHIB from Coinbase just days earlier, further highlighting sustained interest in the token despite broader market uncertainty [2].

While SHIB has seen recent volatility, including a 4.14% drop in the last 24 hours to $0.00001226, it remains the 22nd largest cryptocurrency by market capitalization, valued at $7.23 billion [2]. The larger crypto market has also been affected by broader economic concerns, particularly U.S. President Donald Trump’s proposed new tariff policies, which have triggered over $754 million in crypto liquidations in just one day [2]. The total crypto market cap has fallen by 4.51%, now standing at approximately $3.72 trillion [2].

The Binance withdrawal underscores SHIB’s ongoing relevance and the unpredictable nature of large token movements. As on-chain analysts continue to monitor the wallet’s activity, the incident highlights the significant impact whale behavior can have on market sentiment and price action [2].

Source:

[2] title: Never-Seen-Before Whale Empties Binance for Billions of Shiba Inu (SHIB)

url: https://u.today/never-seen-before-whale-empties-binance-for-billions-of-shiba-inu-shib