Bybit Discloses Quantity of Shiba Inu (SHIB) in Their Possession, Discusses Amount in Trillions
In the ever-evolving world of cryptocurrency, the Shiba Inu coin continues to hold its ground as a notable player. The latest updates provide insights into the distribution and holdings of this meme coin.
The Shiba Inu coin, the largest Ethereum-based meme coin, has seen a significant presence across major exchanges. According to the updates, SHIB holdings on Coinbase, Binance, Upbit, Robinhood, and Crypto.com collectively represent a majority of the active supply. Notably, Bybit currently holds approximately 2,943,549,207,720 Shiba Inu tokens, making Shiba Inu the coin with the largest user balance on the second largest crypto exchange.
A snapshot of Bybit's proof of reserves covered holdings across multiple blockchains, with SHIB towering above the rest. Every other balance appeared small in comparison, underscoring the coin's significant presence.
However, the updates did not provide specific information about the movement of Shiba Inu coins over the past three weeks or any price predictions for the near future. Similarly, there was no mention of regulatory mischief or calls for protecting crypto markets by the SEC boss.
The industry audit shows that SHIB is listed alongside Bitcoin and Ethereum, further solidifying its position in the crypto market. Despite the lack of recent price predictions, a significant Shiba Inu whale holds a large amount of SHIB tokens, suggesting potential future price movements.
The distribution of SHIB beyond Bybit remains a topic of interest. Unfortunately, there is no specific public information available about the largest holders of Shiba Inu tokens outside of Bybit. The search results mainly discuss large holders and institutional investors of Ethereum (ETH), such as Bitmine Immersion Technologies and SharpLink Gaming, but do not mention Shiba Inu token holders.
It's worth noting that a total of over $5 billion worth of SHIB tokens are in the burn address, representing 41% of the supply. This suggests a level of investor confidence and a commitment towards the long-term growth of the Shiba Inu coin.
In conclusion, the Shiba Inu coin has not been forgotten and remains a significant player in the crypto market. Its presence on major exchanges, large user balances, and the commitment of investors through token burns are testaments to its resilience and potential for future growth.
Tags: #Shiba Inu, #Shiba Inu (SHIB) News, #SHIB.
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