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Binance Now Holds the Largest Shiba Inu

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According to data from etherscan.io, Binance, the largest cryptocurrency exchange in the world, now has 83 trillion SHIB, or $738,549,274 ($738.54M), stored in two of its related wallets, designated “Binance 28” and “Binance 8.”

As a result, Binance becomes the largest Shiba Inu (SHIB) holder.

The transition occurred after Binance made the highest and best offer of almost $1 billion to purchase the assets of the insolvent cryptocurrency broker Voyager.

As was previously reported, Voyager Digital held assets worth a total of $579 Million. 

Next to Ethereum (ETH) and USD Coin, Voyager has a massive $81.7 Million worth of Shiba Inu in its wallet, making it the third-largest holding in terms of dollar value (USDC).

As of press time, Binance’s reserves, according to CoinMarketCap data, total over 87 trillion Shiba Inu, or 765,339,000 ($765.33M), spread among seven of its associated wallets.

Shiba Inu, worth $558 million, is held in reserve by Cryptocom, which owns more shib than Ethereum. Huobi 1.85T, Bybit 366B, and KuCoin Hold 4.43T Shiba Inu As Reserves.

In addition, Shiba Inu was named by Binance as the third-most-watched cryptocurrency for the year 2022, behind Ethereum and Bitcoin.

Previously, Binance made an official announcement on supporting Shiba Inu on Binance Pay at the beginning of November 2022. 

The announcement followed Binance’s addition of the Shiba Inu to its Binance Card in September 2022.

Shiba Inu’s price is currently $0.000008798, up 4.39% from the previous day, and it has a 24-hour trading volume of $202,124,256 ($202.12M).

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