- Bybit confirms nearly three trillion Shiba Inu tokens in reserves.
- SHIB remains dominant as top exchanges maintain massive token holdings.
- Audit reveals SHIB joins Bitcoin and Ethereum as lasting assets.
Bybit’s most recent proof of reserves has drawn attention to the scale of Shiba Inu holdings on the exchange. According to the snapshot, Bybit controls 2,943,549,207,720 SHIB, translating to nearly three trillion tokens under its custody.
This is the 25th audit of Bybit, and it involved several blockchains and included extensive balance details. SHIB was present in the millions of tokens, now with trillions of tokens in possession, making it highly noticeable and significantly larger than most other assets on the platform.
Other than Shiba Inu, the update monitored the movement of other leading coins. The amount of bitcoins increased by 5.61 percent to 58,954, and this represented over 3,100 coins since the end of July. Ethereum balances rose by 6.59 percent to 604,131 ETH following the addition of more than 37,000 coins.
Nonetheless, not all assets behaved in the same direction. USDT reserves decreased by 4.75 percent to 4.85 billion, with over 242 million going off the exchange. The changes described the discrepancy in demand between various assets on the platform.
Also Read: Bitcoin Holders Face Heavy Losses as Exchange Inflows Surge
SHIB’s Role Across Exchange Balances
The latest disclosure by Bybit underscores Shiba Inu’s broader relevance across the cryptocurrency sector. Nearly 41 percent of the supply is burned in the burn address, removing over $5 billion worth of supply.
Meanwhile, leading exchanges like Coinbase, Binance, Upbit, Robinhood, and Crypto.com control trillions of SHIB. Their large reserves prove liquidity and the presence of investors on centralized platforms.
Such events indicate that SHIB is not a relic of its 2021 fame. Instead, the coin has become a standing item in exchange reserves. Its size means that it is not a small fish in a big pond, but rather a big fish in a big pond.
The audit of Bybit shows that Shiba Inu continues to play a significant role in the crypto world. With trillions of tokens recorded and a strong presence across top exchanges, SHIB continues to demonstrate durability alongside Bitcoin and Ethereum, holding its place as the leading Ethereum-based meme coin.
Also Read: SEC Chair Paul Atkins Signals Softer Stance on Crypto Regulation
