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Binance hacker dumps 499 billion SHIB but price absorbs the selling

Binance hacker dumps 499 billion SHIB but price absorbs the selling
AI summary

A hacker linked to the Binance breach reportedly dumped 499 billion SHIB tokens, a large supply overhang for the meme coin. Despite the size of the sale, the price absorbed the selling pressure, suggesting buyers stepped in. Traders will watch whether the wallet continues offloading and whether SHIB can hold its recent levels.

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