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Shiba Inu trading volume drops due to Binance withdrawal freeze after October 29 attack

Market News
01 Nov 2026, 14:43 WIB
CryptoTicker
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Neutral
Shiba Inu trading volume drops due to Binance withdrawal freeze after October 29 attack

Shiba Inu (SHIB) is trading at $0.0000047 with a daily turnover of $34.58 million, representing 1.25% of its $2.77 billion market cap. The low trading volume is mainly due to Binance's withdrawal freeze following a security breach on October 29, which has limited SHIB withdrawals as it is not yet on Binance's reopened withdrawal list. This has caused trading to shift to smaller exchanges with wider spreads, increasing trading costs. Binance has replenished 95% of affected funds and is reopening withdrawals in stages, but no timetable for SHIB's release has been given. The current trading environment results in higher execution costs and dispersed liquidity, with no clear price direction expected until Binance fully resumes SHIB withdrawals.

The article highlights challenges in Shiba Inu trading due to Binance's withdrawal freeze. On Pluang, SHIB trades at Rp0,0854 with a 1-day decline of 1.31% as of Nov 01, 2026 20:01 WIB. Its market cap stands at Rp49,96 trillion with a 24-hour volume of Rp560,02 million, while typical holders keep SHIB for about 107 days. Binance Coin (BNB) shows a positive 1-day change of 1.18%, priced at Rp12.933.062 on Pluang at the same time.

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