A Smart Money Withdraws $960,000 in SHIB from Binance

A Smart Money's SHIB is its second-largest holding, with a total of 373.2 billion tokens, worth $9.65 million.

Recently, a piece of news has quietly spread in the market: an anonymous investor known as "Smart Money" withdrew Shiba Inu (SHIB) tokens worth about $960,000 from Binance, the world's leading cryptocurrency exchange. This move not only sparked heated discussions within the community, but also led industry observers to speculate on its significance and possible impact on the market. This article will delve into this event, analyze the market trends behind it, and try to predict future trends.

He has built a position of 3,493 PEPE (worth $5.2 million) in this round, with an average cost of $0.00001491, opening the eighth wave in the past three months; and SHIB is the second largest asset in his position, with a total of 373.2 billion tokens, worth $9.65 million.

This shows that the investor is confident in the long-term value of SHIB, or at least believes that there is an opportunity to use SHIB for high-yield operations in the near future.

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