🚀 Shiba Inu Team on High Alert as Mystery Wallet Siphons 110B SHIB from Binance

A jaw-dropping 110 billion SHIB just vanished from Binance—and the Shiba Inu team is scrambling for answers.

Whale Alert or Whale Play?

An unidentified wallet executed the massive withdrawal, sparking instant speculation: Is this a strategic accumulation or a prelude to a dump? The Shiba Inu community—no strangers to volatility—watches with equal parts excitement and dread.

Market Ripples or Tsunami?

While SHIB’s price hasn’t cratered (yet), the move exposes crypto’s eternal truth: liquidity is an illusion until someone tests it. Traders now brace for the whale’s next move—because in DeFi, the house always wins… until it doesn’t.

Bonus jab: Another day, another ‘decentralized’ token held hostage by a single wallet’s whims. So much for ‘be your own bank.’

New wallet withdraws over 110 billion SHIB from BinanceNew wallet withdraws over 110 billion SHIB from Binance Lucie Reacts  Meanwhile, the massive SHIB withdrawal attracted the attention of Lucie, the Shiba Inu ecosystem marketer. Reacting, she tweeted ‘SHIB’ accompanied by a smiling face with hearts emoji, expressing her excitement about the development.  Transferring such a large amount of SHIB from Binance to a private wallet suggests long-term conviction. This implies the user does not intend to sell the SHIB tokens anytime soon. As of press time, all 110.34 billion SHIB tokens withdrawn from Binance remain in the wallet. Last week, The Crypto Basic reported a similar development after an unknown wallet withdrew 5 trillion SHIB from Coinbase. Good Timing?  One notable aspect of this transaction is its timing. The move occurred as SHIB rebounded above the $0.000013 level shortly after dipping to $0.00001268 on July 30. It’s possible the user behind the new wallet took advantage of this brief dip to acquire SHIB at discounted prices from Binance.  SHIB Dips Over 7% as Trump Unveils New Tariff Plan  In the meantime, the crypto market is witnessing a broader market sell-off, leading to the liquidation of $754 million over the past day. This comes after President Donald Trump unveiled a new tariff plan, subjecting most countries to higher tariffs.   Expectedly, the financial markets reacted negatively to this development. In particular, the crypto market is down 4.51% over the past 24 hours to $3.72 trillion.  Notably, Shiba Inu is also down 7.42% over the past day and currently changing hands at $0.00001212. It remains the 22nd biggest cryptocurrency with a market cap of $7.14 billion.