Shiba Inu Holds its Ground as Binance Hacker Dumps 499B Tokens
The attacker behind the $6.3 billion Binance (
@binance) security breach has liquidated more than 130 altcoins.
Lookonchain estimates the sales generated approximately $279 million in total proceeds.
Among the affected tokens was Shiba Inu, with nearly 500 billion $SHIB sold for 873 $ETH worth $1.96 million.
Despite the liquidation, Shiba Inu staged a recovery after hitting $0.00000446 on October 30. SHIB was trading around $0.0000047 at the time of reporting.