Ethereum News Today: Mystery Wallet Withdraws 110 Billion SHIB From Binance Amid Price Dip

A newly created Ethereum wallet has withdrawn over 110 billion Shiba Inu (SHIB) tokens from Binance, valued at approximately $1.45 million at the time of the transaction. The transfer occurred in three separate movements from two Binance addresses—Binance 14 and Binance 15—on July 30, 2025, and was first highlighted by blockchain tracker Onchain Lens [1]. The tokens were moved to a newly generated wallet, which has no prior transaction history, and have remained there since without further movement [1].

Alongside the SHIB withdrawal, the same wallet received other digital assets from Binance, including 80,126 Chainlink (LINK), 3.44 million Polygon (MATIC), and 142.62 Ethereum (ETH). These additional transfers added up to nearly $4.2 million in total value, further suggesting a coordinated and strategic withdrawal rather than a routine transaction [1]. The swift nature of the movement—completed in under an hour with no prior test transactions—reinforces the likelihood of a well-planned operation [2].

The timing of the SHIB withdrawal is particularly notable. It followed a brief price dip to $0.00001268, the lowest level in over a month, before rebounding to above $0.000013. This indicates the operator may have capitalized on the short-term price weakness to accumulate a large position, a move that is often seen as a sign of bullish intent [2]. The Shiba Inu marketing lead on social media acknowledged the withdrawal with a brief “SHIB” and a heart-eyed emoji, interpreted by many as a positive endorsement of the event [1].

Such large-scale on-chain activity often signals significant confidence in the long-term value of the asset. In this case, the accumulation of SHIB at a dip—coupled with the absence of any prior on-chain activity—suggests the wallet operator is likely holding the tokens for future strategic use, whether for further investment, potential deployment in decentralized finance (DeFi) platforms, or cold storage [2]. The lack of prior activity also raises questions about the identity and intent of the wallet holder, as it deviates from typical patterns of whale behavior.

Despite the positive signals from this withdrawal, the broader cryptocurrency market is currently under downward pressure due to concerns over new U.S. tariff policies. These policies have led to a 4.51% drop in total crypto market capitalization, now standing at around $3.72 trillion. Shiba Inu has followed this trend, declining by 4.14% over the past 24 hours to $0.00001226 [1]. However, SHIB remains the 22nd largest cryptocurrency by market cap, with a total valuation of $7.23 billion.

The coordinated withdrawal, combined with a similar large-scale SHIB transfer from Coinbase just days earlier, suggests that key participants in the Shiba Inu ecosystem are actively positioning themselves for long-term value, despite current market volatility [1]. Analysts have noted that such whale activity—particularly in community-driven tokens like SHIB—can serve as an early indicator of broader market sentiment and potential price direction [2].

As the market continues to digest these movements, the Shiba Inu community and crypto analysts will be closely monitoring this wallet for any follow-up activity that may shed light on the operator’s strategy and intentions [2].

Source:

[1] title: Over 110 Billion Shiba Inu (SHIB) Stuns Binance. Here's What Happened

url: https://timestabloid.com/over-110-billion-shiba-inu-shib-stuns-binance-heres-what-happened/

[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