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Binance hackers allegedly sold nearly 500 billion SHIB, worth approximately $1.96 million, but SHIB price remained relatively stable.
Blockchain analytics platform Lookonchain monitoring shows that the Binance hacker has sold over 130 altcoins on EVM chains, including 499,926,072,560 SHIB, worth approximately $1,960,615 (873 ETH). Despite the significant sell-off, SHIB's price has relatively absorbed this selling pressure after a sharp decline on October 29 due to news of the Binance hack, and has been fluctuating between $0.00000466 and $0.00000472 on November 1. The hacker obtained approximately $279 million (123,400 ETH and 1.69 million USDC) from selling these altcoins.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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