Shiba Inu Handles 499B SHIB Sell-Off After Binance Hack
The meme coin absorbed a massive sell-off of 499 billion SHIB tokens from the Binance hacker.
The meme coin absorbed a massive sell-off of 499 billion SHIB tokens from the Binance hacker. Shiba Inu (SHIB) is trading at $0.00000463, down 0.2% since this brief published. This is an original TLT brief based on reporting by DailyCoin, with live market data added, as of Tue, 03 Nov 2026 22:45:03 UTC.
This significant sell-off tests Shiba Inu's liquidity and market resilience, revealing its capacity to withstand large-scale token dumps.
- Binance hacker dumped 499 billion SHIB tokens on the market.
- Shiba Inu price remains relatively stable despite the massive sell-off.
- The event highlights SHIB's liquidity and market depth.
- Shiba Inu Exchange Netflow Surges to 77 Billion SHIB Amid Market Downturn
- Top 10 Shiba Inu Holders in 2026: Largest SHIB Wallets Revealed
- Shiba Inu Handles 499B SHIB Sell-Off After Binance Hack — this brief
A massive sell-off of 499 billion 
Shiba Inu (SHIB) tokens occurred after the Binance hacker moved the tokens into the market. This event represents one of the largest single transactions involving SHIB in recent months.
Despite the significant influx of tokens, Shiba Inu's price has shown relative stability, with only a modest 1.30% increase over the past 24 hours. This suggests the meme coin has sufficient liquidity to absorb large sell-offs without experiencing severe price volatility.
The sell-off comes in the wake of the high-profile Binance hack, which has seen the hacker attempt to liquidate various cryptocurrencies. Shiba Inu's ability to withstand such a large transaction could bolster confidence in its status as a mainstream meme currency.
Currently, Shiba Inu is trading at $0.00000464, with a market capitalization of $2.74 billion. The token has experienced a 7-day decline of 4.65%, indicating a broader downward trend that predates the recent sell-off.
The broader crypto market remains in a state of cautious optimism, with 
Bitcoin showing a 1.42% increase over the past 24 hours and the total market cap standing at $2.68 trillion. The Fear & Greed index remains at 26, indicating a sentiment of 'Fear' among investors.
Since this brief published about 1 hour ago, Shiba Inu (SHIB) has moved from $0.00000464 to $0.00000463 — -0.22%.
The chart plots SHIB's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 SHIB ≈ ₦0.006408 (about $0.00000463), up 1.2% over 24 hours. The naira itself trades about 2.8% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Shiba Inu Handles 499B SHIB Sell-Off After Binance Hack — questions & answers
How much SHIB did the Binance hacker sell?
The Binance hacker sold 499 billion SHIB tokens.
What was the impact on Shiba Inu's price?
Shiba Inu's price increased by 1.30% over the past 24 hours despite the sell-off.
Why is this event significant for Shiba Inu?
This event tests Shiba Inu's liquidity and market resilience, showing its ability to handle large transactions.
How much is 1 Shiba Inu worth in naira today?
About ₦0.006408 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.00000463. The naira price moves with both SHIB's US-dollar price and the USDT/NGN rate; use our Shiba Inu in naira page for any amount.
Has Shiba Inu's price moved since this brief was published?
SHIB is down 0.22% since this brief first published — trading at $0.00000463 now versus $0.00000464 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from DailyCoin. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.