Shiba Inu Absorbs 499B SHIB Dump From Binance Hacker

The attacker behind Binance’s $6.4 billion security breach sold nearly 500 billion SHIB for roughly $1.96 million in ETH as part of a broader liquidation of more than 130 altcoins that generated an estimated $279 million in proceeds. Despite the sale, Shiba Inu recovered from a low near $0.00000446 and has since been trading in a tightening range that technical analysts now flag as a potential breakdown setup. Hacker Liquidates Hundreds of Billions of SHIB On-chain trackers including Lookonchain reported that the address tied to the October 29 incident offloaded approximately 499 billion SHIB.