Bybit’s latest proof reserves have attracted the attention of Shiba Inu (Shib) fans. This is around 3 trillion coins held on the second largest crypto exchange, and it confirms that Shib is still the top player when it comes to user balance.
The 25th snapshot in Bybit’s audit series covered retention across multiple blockchains. Nevertheless, the trillions of Shiv towers above others, looking smaller in comparison to all the other balances.
The update also provided an updated look on how the big coins have moved over the past three weeks. Bitcoin Holdings rose to 5.61% to 58,954 BTC, an increase of over 3,100 since late July.
Ethereum rose 6.59% to 604,131 ETH, adding 37,000 coins. Alternatively, USDT balances have dropped by 4.75% to 4.855 billion, with over 242 million leaving the platform.
Shiba Inu (Shib) in 2025
The distribution of Shiv reveals unique stories when seen beyond Bibit. 41% of the supply is at burn addresses, with over $5 billion being removed from the circulation.
Coinbase, Binance, Upbit, Robinhood and Crypto.com hold the majority of their remaining active supply, each with trillions of tokens on hand.
For Meme Coin Watchers, the numbers confirm that Shiba Inu Coin isn’t just hype for 2021. In one of the industry’s most detailed audits, Shib sits with Bitcoin and Ethereum, and the signs prove that it has become a permanent line item on the exchange balance sheet.
Don’t forget that it is still the biggest Ethereum-based meme coin.
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