HomeCrypto NewsMarketBinance is Now The Biggest Shiba Inu Holder

Binance is Now The Biggest Shiba Inu Holder

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Binance becomes the biggest holder of Shiba Inu (SHIB).


Etherscan.io data reveals that the world’s largest cryptocurrency exchange, Binance now holds a staggering 83 Trillion SHIB, worth $738,549,274 ($738.54M) in two of its associated wallets tagged “Binance 28” and “Binance 8”.

Binance Holds 83 Trillion Shiba Inu in Two of its associated wallets
Binance Holds 83 Trillion Shiba Inu in Two of its associated wallets

The development comes after Binance made the highest and best bid to acquire the bankrupt cryptocurrency broker Voyager’s assets for over $1 billion.

As reported earlier by The Crypto Basic, Voyager Digital was holding total assets worth $579 Million. Voyager held a whopping $81.7 Million worth of Shiba Inu in its wallet and was ranked as the third biggest holding in terms of dollar value, next to Ethereum (ETH), and USD Coin (USDC).

On the other hand, CoinMarketCap data reveals that Binance is holding over 87 trillion Shiba Inu, worth 765,339,000 ($765.33M), as of press time, in seven of its associated wallets as its reserves.

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Cryptocom has $558M Worth Of Shiba Inu As Reserve, Holding More Shib Than Ethereum. KuCoin Holds 4.43T Shiba Inu As Reserves, Huobi 1.85T, And Bybit 366B.

Furthermore, Binance ranked Shiba Inu as the third-most watched crypto for the year 2022, next to Bitcoin and Ethereum.

Formerly at the start of November 2022, Binance officially announced its support for Shiba Inu on Binance Pay. The announcement comes after Binance added Shiba Inu to its Binance Card in September 2022.

As of writing, Shiba Inu is trading at the price of $0.000008798, up 4.39% over the last day with a 24-hour trading volume of $202,124,256 ($202.12M).

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Zabi
Zabi
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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