The location of trillions of SHIB is known after crypto-currency exchanges reveal their holdings.
CoinMarketCap has published detailed reports on the reserves of major crypto-currency exchanges. The data on the reserves of crypto-currency exchanges in SHIB was particularly interesting and proved to be quite impressive.
It’s important to note that only a handful of exchanges have published their reserve reports, and not all of them hold the Shiba Inu token.
Trillions of SHIB on centralized exchanges.
Thus, Huobi holds the smallest known reserves of SHIB, about 1.43 trillion SHIB in reserve, or the current equivalent of $12.3 million. The daily trading volume of SHIB on Huobi, on the other hand, is only $570,700.
From the exchanges that have come out, it is known that KuCoin also holds SHIB in reserves, with a larger amount than Huobi. Thus, according to the data, KuCoin holds 4.24 trillion SHIB in reserves, which is equivalent to $36.56 million. The daily trading volume of SHIB is $2.92 million, and the exchange itself is the fifth largest market of Shiba Inu.
Finally, some colossal numbers regarding SHIB ownership were revealed by Binance. According to the article, 56.93 trillion SHIB are held on Binance, which is equivalent to nearly half a billion dollars and represents more than 10% of the entire available supply of Shiba Inu tokens. Binance is also the number one marketplace for SHIBs, with trading volume exceeding $38.5 million – and that’s just in stable currencies.