Attacker offloads 499.9 billion SHIB for $1.96 million as price steadies

A wallet linked to the recent Binance security breach sold 499,926,072,560 Shiba Inu (SHIB) tokens for approximately $1.96 million on November 1, data from blockchain analytics platform Lookonchain revealed. The sale, which represented 0.05% of SHIB’s total supply, took place after a notable price rebound following October’s sharp selloff. The massive transaction drew attention amid ongoing fallout from the Binance security incident that affected billions of dollars in assets. Lookonchain reported that the attacker liquidated the SHIB for 873 ETH, valued at just over $1.96 million at the time of the transaction. The wallet in question was also linked to a wave of sales involving more than 130 different altcoins across Ethereum Virtual Machine (EVM) compatible chains.

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