According to the most recent PoR, Binance currently owns 61,269,444,642,101 Shiba Inus
The 23rd edition of Binance's continuing proof of reserves (PoR) snapshot was just released, and the most recent data continues to reveal significant Shiba Inu ownership.
The exchange currently has a net balance of 61,269,444,642,101 Shiba Inu tokens, or roughly 61.27 trillion, based on the October record. Of this amount, roughly 59.7 trillion SHIB tokens represent money that clients have obtained through Binance. Overall, the percentage of Shiba Inu assets held by users in Binance's net balance remains at 102.63%.
Notably, a third-party custody firm is also entrusted with 98,196,131,599 (or 98.2 billion) SHIB tokens by the exchange. Accordingly, as of October 1, Binance's SHIB token exchange balance was 61.17 trillion.
Shiba Inu Holdings of Binance Are Hit
Although Binance still has a sizable SHIB token reserve, the current amount is rather lower than what was shown in the September proof of reserves report.
About 61.456 trillion SHIB tokens were on Binance as of last month, of which 59.81 trillion were customer funds. This suggests that within the past month, customers have taken out 114 billion tokens, causing Binance's Shiba Inu balance to plummet by 186.43 billion.
Comparing the numbers from just two months ago makes the decrease even more significant. In particular, Binance's net balance in August was over 62.8 trillion SHIB tokens. According to the October numbers, the exchange has lost over 1.53 trillion Shiba Inu assets in just two months.
Centralized Exchanges' SHIB Reserves Fall by 4T
Market players may be shifting their tokens to other outlets or building them up in private wallets for long-term keeping, as evidenced by the trend of steadily declining token counts on the biggest cryptocurrency trading platforms.
Data from CryptoQuant, which demonstrates a consistent drop in the amount of Shiba Inu assets available across all centralized exchanges, supports this even more. The total balance of all recorded controlled exchanges on the network was 143.31 trillion SHIB tokens one month ago.
On Binance, Other Assets Also Decline
Notably, other assets on the market also show a downward trend in Shiba Inus on Binance. According to the October proof of reserves, the exchange's holdings of Ethereum and Bitcoin fell by 1.37% and 1.58%, respectively. In the meantime, there was a 2.17% increase in its native token, BNB.
Post a Comment