June 23 (Cointime) - According to data from Etherscan, anonymous whales have transferred almost 18 billion Shiba Inu meme coins within the past hour, with some being sent to Binance to be sold. This has caused a sudden drop in the SHIB price, leading some whales to sell their stashes while others buy more on the dip.

Six transactions have been spotted, with four sending over 8 billion SHIB to Binance in stashes. Additionally, the overall stash of SHIB dropped by holders topped 800 billion coins due to a sell-off on Binance, but around half of that amount was then bought by "stronger hands".