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Highlights
- Bybit audit reveals 2.94 trillion SHIB holdings, making Shiba Inu one of the exchange’s top assets.
- SHIB balances remain strong despite market volatility, reflecting consistent investor demand.
- Other major holders include Robinhood with 39 trillion SHIB and Binance with 60 trillion SHIB.
Bybit revealed Shiba Inu holdings in trillions in its latest proof-of-reserve update. This comes amid growing bullish fundamentals in the token’s ecosystem, as demand continues to grow.
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.
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 validator nodes and supported decentralization. This indicates increasing network activity and long-term sustainability, as evidenced by an increase in daily transactions and SHIB burns.
Bullish trends are also clear in SHIB’s on-chain metrics. Positive Chaikin Money Flow (CMF) values indicate that people are still buying even as prices stabilize. When demand is greater than short-term selling, analysts often see this situation as a sign that stronger price gains may follow.
Additionally, crypto expert Javon Marks pointed out SHIB’s ongoing Inverse Head & Shoulders pattern. According to the analysis, prices may be poised for a significant breakout. His projection places a possible target at $0.000081, which represents a surge of more than 540% and could pave the way for new all-time highs.
The token accumulation and its fundamentals suggest the token may be gearing up for a new growth phase despite short-term volatility.
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