A mysterious deal from a whale could jump in this digital currency. 4 trillion at once

A mysterious deal from a whale could jump in this digital currency. 4 trillion at once

 Wellalert, which monitors blockchain transactions, reported that a SHIP whale transferred 4 trillion SHIBA tokens worth $34.7 million from Binance to an unknown wallet in a single transaction

This transfer was a reminder of the massive influx of funds that came out of centralized platforms, especially after the collapse of the FTX platform. Binance is one of the platforms that has lost large amounts of client funds due to the loss of trust in centralized exchange platforms.

On the other hand, Binance seems to have survived the wave of equity rallies that began with the new year, as the stock market recently began to record positive net money inflows again. Zhang Pengzao, CEO of Binance, stated that these rallies are not a new event for the stock market, and stated that Binance has a significant advantage in terms of trading volume compared to its competitors.

What does it mean to convert Binance Sheba codes?

According to the general narrative, the withdrawal of a digital asset from the stock market is an event that occurs during periods of bullish expectations. In comments made about Sheba's conversion, speculation began to emerge that there are expectations of Sheba's rise in the near future.

In its search for the fate of Binance's 4 trillion Sheba, Chip Byrne announced that Binance had collected 4 trillion Sheba tokens using Sheba Swap. Thus, the Sheba tokens, which are close to $35 million, are temporarily out of circulation.

Apart from this transfer, Shipburn also reported that Binance has made 12.6 trillion Sheba available via Shipa Swap. According to ShipBurn reports, Binance remains one of Sheba's largest investors.

Latest Chip Price Update

Chiba bucks the general market situation today and continues its upward path up 3.3%. Sheba, currently priced at $0.0000091, had risen 12.5% last week as the recovery began with the new year