Shiba Inu Price Holds Firm as Binance Hacker Dumps 499 Billion SHIB

A Binance-linked hacker offloaded 499 billion SHIB, a large nominal supply overhang that would typically pressure price. That SHIB absorbed the sale without breaking down signals resilient spot demand and thin marginal selling pressure. The event is a reminder of dormant hacked-wallet supply risk across meme tokens, but with no follow-through in price, the read-through for broader crypto sentiment is limited and largely idiosyncratic to SHIB.