Location of trillions of SHIB becomes known after crypto exchanges disclose holdings
Cryptocurrency information portal Coinmarketcap has published a detailed report on the reserves of major cryptocurrency exchanges. Particularly interesting was the data on the reserves of crypto exchanges in SHIB, which turned out to be quite impressive.
It is important to clarify that only a handful of exchanges have published their reserve reports, and not all of them hold the Shiba Inu token.
Billions of SHIB on centralized exchanges
Thus, Huobi has the smallest known holding of SHIB. Sun Yuchen’s “new adopted child” has 1.43 trillion SHIB in reserves, which is currently equivalent to $12.3 million. On the other hand, SHIB has a daily trading volume of only $570,700 on Huobi.
From the exchanges that came out, it is known that KuCoin also holds SHIB in reserves, with a larger amount than Huobi. Thus, according to the data, KuCoin holds 4.24 trillion SHIB in reserves, which is equivalent to $36.56 million. The daily trading volume of SHIB is $2.92 million, and the exchange itself is the fifth largest market for Shiba Inu.
Finally, the huge figures for SHIB Holdings were revealed by Binance. According to the report, 56.93 trillion SHIB are held in the accounts of the black-and-yellow crypto giant, which is equivalent to almost half a million dollars and represents more than 10% of the entire available supply of Shiba Inu tokens. Binance is also the number one market for SHIB, with over $38.5 million in trading volume – and that too only in stablecoins.
