1.63 Billion Shiba Inu Stun Biggest Crypto Exchange Despite Epic Sell-off

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Oh, darling, it seems our beloved Shiba Inu (SHIB) has decided to throw a rather extravagant soirée on the grand stage of cryptocurrency! In the last 24 hours, amidst a delightful sell-off, a staggering 1.6 billion SHIB tokens have waltzed their way onto Binance, the crème de la crème of crypto exchanges. 💃

Shiba Inu price shows recovery despite sell-off

According to the ever-reliable CoinMarketCap, during this whirlwind of activity, a jaw-dropping 1,638,482,915 SHIB tokens have graced Binance with their presence. This little escapade signals that our meme coin aficionados are quite engaged in the market, bless their hearts! 🥳

Now, let’s not forget that this figure includes the trading volume from both the SHIB/USDT and SHIB/USDC pairs, which together have raked in more than a cheeky $18.985 million. Quite the tidy sum, wouldn’t you say?

While the motives behind these colossal transactions remain as mysterious as a magician’s trick, one can’t help but wonder if such heavy lifting might just stir the pot and trigger a price movement. After all, it does compensate for the rather dramatic sell-off SHIB has endured in recent days. 🎭

As we speak, SHIB is trading at a rather modest $0.00001159, reflecting a 1.16% dip in the last 24 hours. But fear not, dear reader! This price hints at a potential rebound for our furry friend, especially after dipping to a low of $0.00001137 earlier. Talk about a rollercoaster ride! 🎢

However, there’s a glimmer of hope! Shiba Inu could very well bounce back, aiming for the illustrious $0.00001165 mark. This price zone has been a steadfast support for our meme coin in the past. With all this recent activity on Binance, we might just see a delightful uptick in price. Fingers crossed! 🤞

Can SHIB whales trigger rebound?

As reported by the ever-watchful U.Today, these massive transactions could very well set the stage for a price reset. In recent days, our dear SHIB whales have ramped up their activities by over 1,010%! Now that’s what I call a bullish move! 🐋

Interestingly, the influx of Shiba Inu whales is at a six-month high, indicating that our notable investors are ready to dive back into the SHIB accumulation pool. The last time these whales made such a splash was back in early 2025. How time flies! ⏳

Market participants, do keep your eyes peeled! It will be quite the spectacle to see if Shiba Inu can ride this wave of high engagement and make a fabulous recovery. 🎉

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2025-06-18 18:50