$1.2M SHIB Transfer to Binance Traced to Hacker, Analysts See 500% Surge
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- Dormant whale deposits 100.45 billion Shiba Inu to Binance after three years of inactivity.
- The whale wallet is allegedly linked to a hacker who previously exploited the Bitrue exchange.
- Analysts predict a potential 503% upside targeting based on inverse head and shoulders.
A previously dormant Shiba Inu whale has suddenly sprung into action and deposited 100.45 billion SHIB tokens worth $1.21 million to the Binance exchange after remaining inactive for three years.
The whale’s timing appears calculated, as the deposit generated approximately $311,000 in profit from the original investment. However, this profit pales in comparison to what could have been achieved during SHIB’s peak performance, when the same holdings would have yielded over $2.7 million in gains. The decision to move funds now suggests either a profit-taking strategy or preparation for potential market volatility.
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The post $1.2M SHIB Transfer to Binance Traced to Hacker, Analysts See 500% Surge appeared first on Coin Edition.
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