499 Billion SHIB Dumped by Binance Hacker, Yet Price Absorbs It

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According to Lookonchain, the Binance hacker sold more than 130 altcoins across Ethereum Virtual Machine-compatible chains, generating approximately $279 million in proceeds. The sales included 499,926,072,560 SHIB worth $1,960,615, while Binance has replenished about 95% of the affected assets. The stolen amount of SHIB represented 0.05% of its total supply, and the token’s price relatively absorbed the selling pressure. After falling to $0.00000446 on Friday, SHIB rebounded to around $0.00000469, despite ending October down 18.92%.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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