Shiba Inu Handles Massive 499B SHIB Sell-Off From Binance Hacker
The meme coin absorbed a significant sell-off triggered by the Binance hack without major price disruption.
The meme coin absorbed a significant sell-off triggered by the Binance hack without major price disruption. Shiba Inu (SHIB) is trading at ₹0.00044 ($0.00000464). This is an original Token Times brief based on reporting by DailyCoin, with live market data added, as of Wed, 04 Nov 2026 00:00:01 UTC.
The incident highlights Shiba Inu's liquidity and market resilience despite facing a substantial sell-off from a high-profile security breach.
- Binance hacker liquidated 499 billion SHIB tokens.
- Shiba Inu price remained relatively stable, down only 4.65% over 7 days.
- The sell-off represents a major test of SHIB's liquidity and investor confidence.
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- Uniswap Price Drops Despite Bullish Forecast Amid Binance Hacker Sell-Off
- Top Shiba Inu Holders in 2026: Analyzing the Largest SHIB Wallets
- Shiba Inu Handles Massive 499B SHIB Sell-Off From Binance Hacker — this brief
Shiba Inu (SHIB) recently experienced a major sell-off after a Binance hacker liquidated 499 billion SHIB tokens. This event was triggered by the security breach at Binance, which has been a source of concern for the crypto community.
Despite the massive sell-off, SHIB's price remained relatively stable, with a 24-hour increase of 1.30% and a 7-day decrease of 4.65%. This suggests that the meme coin has a certain level of liquidity and investor confidence to absorb such large transactions without a more severe price drop.
The incident is a significant test of SHIB's resilience and market dynamics. Meme coins are often criticized for their volatility and lack of fundamental value, but this event shows that SHIB has some capacity to handle large-scale transactions.
The broader crypto market remains in a state of cautious optimism, with a total market cap of $2.68 trillion and a Fear & Greed index of 26, indicating a 'Fear' sentiment. 
Bitcoin's 24-hour gain of 1.42% suggests a generally positive trend, providing some context for SHIB's performance.
Looking ahead, it will be important to monitor how SHIB's price and trading volume evolve in the coming days. The ability to maintain stability during such events could bolster confidence in the meme coin and its community.
Since this brief published about 3 hours ago, Shiba Inu (SHIB) has moved from ₹0.000440$0.00000464 to ₹0.000440$0.00000464 — +0.00%.
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 Token Times'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 ≈ ₹0.000486 (about $0.00000464), up 1.4% over 24 hours. The rupee itself trades about 10.3% above the official rate on the P2P market, so a Indian 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 Massive 499B SHIB Sell-Off From Binance Ha — questions & answers
How much SHIB did the Binance hacker sell?
The Binance hacker sold 499 billion SHIB tokens.
What was the impact on SHIB's price?
SHIB's price increased 1.30% in 24 hours but is down 4.65% over the past week.
Why is this incident significant?
It demonstrates SHIB's liquidity and resilience in handling a large sell-off from a high-profile security breach.
How much is 1 Shiba Inu worth in rupee today?
About ₹0.000486 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.00000464. The rupee price moves with both SHIB's US-dollar price and the USDT/INR rate; use our Shiba Inu in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times 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 Token Times 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.