Bybit Data Reveals Trillions in Shiba Inu Holdings Amid Bullish Fundamentals
The post Bybit Data Reveals Trillions in Shiba Inu Holdings Amid Bullish Fundamentals appeared on BitcoinEthereumNews.com. Bybit has disclosed Shiba Inu holdings in trillions in its latest proof-of-reserve update. This comes amid growing bullish fundamentals in the token’s ecosystem, leading to continued demand. Bybit Data Shows Nearly 3 Trillion in Shiba Inu Holdings In its 25th audit series, Bybit disclosed that it possesses 2.94 trillion Shiba Inu tokens, which is equivalent to roughly three trillion coins. As a result, SHIB consistently appears in user balances and is among the platform’s best assets. The audit also showed that major coins like Bitcoin and Ethereum have grown, while USDT has declined. This underscores how much Shiba Inu has become embedded in exchange portfolios. With about 40%% of SHIB’s supply already sent to the burn address, the token could secure a long-term place in the broader market structure. Source: SHIBBURN The same Bybit audit also reflected broader market shifts over the past three weeks. Bitcoin balances increased by 5.6% to 58,954 BTC. Ethereum also climbed 6.5% to 604,131 ETH. In contrast, USDT holdings fell by 4.7%, indicating more capital flowing into volatile assets rather than stablecoin reserves. Beyond Bybit, blockchain data confirms that Shiba Inu is widely accumulated across other leading platforms. Robinhood currently holds about 39 trillion tokens. Binance is also one of the top 10 holders, with about 60 trillion tokens in its wallets. Growing Fundamentals in the Shiba Inu Ecosystem The Shiba Inu ecosystem has seen some updates in recent days. As CoinGape previously reported, the Torii Gateway project details were shared in relation to SHIB’s growth. This project already supports over 1,500 tokens and works across more than 60 networks. It could expand to include non-EVM chains like Tron and Solana soon. This would increase Shibarium’s market reach. Meanwhile, Shiba Inu launched a major upgrade to its Shibarium developer hub. This provided more precise instructions for…
The post Bybit Data Reveals Trillions in Shiba Inu Holdings Amid Bullish Fundamentals appeared on BitcoinEthereumNews.com.
Bybit has disclosed Shiba Inu holdings in trillions in its latest proof-of-reserve update. This comes amid growing bullish fundamentals in the token’s ecosystem, leading to continued demand. Bybit Data Shows Nearly 3 Trillion in Shiba Inu Holdings In its 25th audit series, Bybit disclosed that it possesses 2.94 trillion Shiba Inu tokens, which is equivalent to roughly three trillion coins. As a result, SHIB consistently appears in user balances and is among the platform’s best assets. The audit also showed that major coins like Bitcoin and Ethereum have grown, while USDT has declined. This underscores how much Shiba Inu has become embedded in exchange portfolios. With about 40%% of SHIB’s supply already sent to the burn address, the token could secure a long-term place in the broader market structure. Source: SHIBBURN The same Bybit audit also reflected broader market shifts over the past three weeks. Bitcoin balances increased by 5.6% to 58,954 BTC. Ethereum also climbed 6.5% to 604,131 ETH. In contrast, USDT holdings fell by 4.7%, indicating more capital flowing into volatile assets rather than stablecoin reserves. Beyond Bybit, blockchain data confirms that Shiba Inu is widely accumulated across other leading platforms. Robinhood currently holds about 39 trillion tokens. Binance is also one of the top 10 holders, with about 60 trillion tokens in its wallets. Growing Fundamentals in the Shiba Inu Ecosystem The Shiba Inu ecosystem has seen some updates in recent days. As CoinGape previously reported, the Torii Gateway project details were shared in relation to SHIB’s growth. This project already supports over 1,500 tokens and works across more than 60 networks. It could expand to include non-EVM chains like Tron and Solana soon. This would increase Shibarium’s market reach. Meanwhile, Shiba Inu launched a major upgrade to its Shibarium developer hub. This provided more precise instructions for…
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