Binance is Now The Biggest Shiba Inu Holder
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”.
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.
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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