Binance holds nearly $1 billion in Shiba Inu.
Binance reserves per CoinMarketCap veri show seven wallets holding over 87 trillion SHIB worth over $816 million in reserves at the time of a screenshot by Kripto Temeli.
The largest wallet holds about 56.9 trillion SHIB. Notably, the data from CoinMarketCap shows only wallets with holdings worth more than $100,000. Consequently, the exchange’s total Shiba Inu holdings will likely exceed this value.
The total SHIB value seen by Kripto Temeli represents about 1.2% of Binance’s total crypto holdings, an impressive feat by any yardstick.
Onceki gibi rapor, Crypto.com, a competing crypto exchange, holds about $558 million in Shiba Inu. Per the report, the exchange holds more SHIB than Ethereum, representing nearly 20% of the exchange’s total reserves. So Binance is holding more SHIB than any other exchange as a reserve.
Notably, the statistic took Ethereum’s Vitalik Buterin by surprise. The Ethereum co-founder, while saying he was impressed by SHIB’s market cap, iddia that he did not understand how someone could hold $10 million in Shiba Inu in a perceived jab at the meme coin.
Despite these sentiments, the staggering value of Shiba Inu held by crypto exchanges indicates that the meme coin is still well sought out by retail investors, even with the price of crypto assets declining this year. SHIB is trading 89.2% below its all-time high of $0.00008616, formed in October last year, per CoinGecko veri.
While the meme coin may not generate millions in percentage gains for holders this year as it did last year, it bears mentioning that the token has more utility than ever. Remarkably, the project has başlattı a card collection game this year. In addition, it is working on a Katman 2 çözümü while actively building its metaverse.
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Source: https://thecryptobasic.com/2022/11/26/binance-holds-over-87-trillion-shiba-inu-as-reserves/?utm_source=rss&utm_medium=rss&utm_campaign=binance-holds-over-87-trillion-shiba-inu-as-reserves