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Crypto Exchange Binance Sees Biggest Inflow of SHIB Tokens Since February

Binance received large amounts of shiba inu (SHIB) tokens on Tuesday, raising speculation of a price drop because large transfers of a cryptocurrency to an exchange is often a prelude to a sale.

The exchange registered a net inflow of over 1.8 trillion SHIB ($16 million) tokens, the highest single-day tally since Feb. 28, according to data tracked by Glassnode. The tokens came from an address supposedly owned by Crypto.com in two transactions, each carrying 900 billion SHIB, at 12:39 UTC, according to data sourced from Dune Analytics.

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