Shiba Inu Whale Takes Out 220 Billion SHIB Worth $4.63M from Binance

A dormant Shiba Inu whale has withdrawn 220 billion SHIB, valued at approximately $4.63 million, from Binance after a five-month period of inactivity.

Shiba Inu’s performance in December has been predominantly bearish, with the token experiencing a notable 25% decline over the month. Despite a 5% surge in the past 24 hours, SHIB’s price has struggled to recover from sustained losses.

Meanwhile, the recent uptick has largely wiped out the weekly loss, now at a 0.54% dip, but a broader two-week analysis revealed a 7.7% drop. These downward trends coincided with significant whale activity and a major outflow from Binance, raising concerns about SHIB’s distribution patterns