1 trillion Shiba Inu coins transferred, Binance Exchange ushered in a storm!
The world of cryptocurrency is in turmoil again, and the huge transfer operations of the two whales are like a boulder thrown into a calm lake, stirring up waves. In just 14 hours, the whale named "0x42a" transferred an astonishing 1.088 trillion SHIB tokens, worth up to $18.12 million, to the Binance Exchange. This huge flow of funds immediately attracted great attention from the market, and people speculated about the intentions behind it.
At the same time, another whale named "0x837" also deposited 700 billion PEPE tokens worth $7.83 million into Binance in just three hours. Although it still holds PEPE tokens worth $9.22 million, according to preliminary estimates, its overall loss has approached $3.47 million.
The transfer operations of these two whales have undoubtedly brought new uncertainties to the cryptocurrency market. Although these funds eventually flowed to the world's largest cryptocurrency exchange, this behavior did not bring obvious positive signals to the market. Next, the direction of the market and whether the sell-off is over will become the focus of market attention. We will have to wait and see how this storm will evolve.
