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Binance Changed Stakes to Liquidate Over $75M in SHIB

On Jan. 10 at 08:00 UTC, Binance unstaked $110.28 million worth of SHIBA INU (SHIB) and re-staked 4 trillion SHIB tokens, which equates to around $34.84 million, according to data shared by Arkham Crypto Intelligence.

The transfers took place on ShibaSwap and left $75.44 million, or 8.661 trillion SHIB tokens, unstaked. The tokens are being held in Binance’s 0xf97 wallet. These transactions also became the largest staking and unstaking transactions that took place on ShibaSwap for months.

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