Location of Trillion SHIB Becomes Known After Crypto Exchanges Reveal Holdings
CoinMarketCap, a cryptocurrency information portal, has published detailed reports on the reserves of major cryptocurrency exchanges. Particularly interesting was the crypto exchange reserve data in SHIB, which turned out to be quite impressive.
It is important to state that only a handful of exchanges have released their reserve reports, and not all of them hold the Shiba Inu Token.
Billions of SHIBs on centralized exchanges
Thus, Huobi holds the smallest known holdings of SHIB. Justin Sun the “newly adopted child” holds 1.43 trillion SHIB in reserves, the current equivalent of $12.3 million. SHIB’s daily trading volume on Huobi, on the other hand, is only $570,700.
From the exchanges that came out, it is known that KuCoin also holds SHIB in reserves, with a larger amount than Huobi. So, according to the data, KuCoin holds 4.24 trillion SHIB in reserves, which is equivalent to $36.56 million. SHIB’s daily trading volume is $2.92 million and the exchange itself is the fifth largest market for Shiba Inu.
Finally, colossal figures on the assets of the SHIB have been revealed by Binance. According to the report, 56.93 trillion SHIB are held in the accounts of the black and yellow crypto giant, worth almost half a million dollars and representing more than 10% of the entire available supply of Shiba Inu tokens. Binance is also the number one marketplace for SHIB, with more than $38.5 million in trading volume – and that’s in stablecoins alone.