Binance Resumes Withdrawals of Shiba Inu and 55 Other Tokens

Withdrawals for Shiba Inu (SHIB) and other cryptocurrencies are once again available on Binance, as announced by the exchange's co-founder Yi He. Withdrawals have resumed for 34 additional assets on Ethereum and 22 tokens on Solana, including meme coins. Among them are Shiba Inu (SHIB), Ethena (ENA), Starknet (STRK), Pump fun (PUMP), Jupiter (JUP), Bonk (BONK), dogwifhat (WIF), Pudgy Penguins (PENGU), Official Trump (TRUMP), Raydium (RAY), Jito (JTO), and Render (RENDER). Users can once again transfer these assets to external wallets.

For holders of SHIB, this lifts an operational restriction, although the statement does not specify whether the suspension affected trading activity or the token's price.

SHIB Price

While withdrawals were unavailable, Shiba Inu continued to face selling pressure. On the daily SHIB/USDT chart on Binance as of November 3, the meme coin was trading around $0.00000458 after a steady decline from October highs. SHIB is below several key moving averages, indicating a dominant bearish momentum, and has broken the ascending support line. Buyer interest is weakening: several trend lines have been breached, and the nearest support zone is $0.00000450. Further declines could open levels of $0.00000430 and $0.00000410. Sentiment may change if the price returns to the range of 0.00000500–0.00000520 – an area of short-term technical improvement.

The resumption of withdrawals on Binance is a positive operational event for Shiba Inu, but the price trajectory of SHIB remains bearish, and the coin is unlikely to rebound solely on the news of withdrawal restoration on the market's largest exchange.