Shiba Inu (SHIB) continues to attract serious investor interest. According to fresh proof-of-reserves data, Binance users added an impressive 502.76 billion SHIB tokens throughout July. This brought the total SHIB balance held by customers on the exchange to 55.83 trillion tokens as of August 1 up from 55.32 trillion just a month prior.

This data stems from Binance’s zk-SNARK–verified audit, a cryptographic method that ensures full transparency while protecting sensitive details. Thanks to this audit, the figures provide a reliable and verifiable view of user activity and exchange reserves.

Binance Reserves Match Customer Demand

To match this user demand, Binance held a total of 55.72 trillion SHIB in reserves. Of this, 55.71 trillion tokens were stored directly on the platform, while another 1.58 trillion resided in third-party custody. With these holdings, Binance’s reserve ratio for SHIB stood at 100.71%. This indicates the exchange held slightly more SHIB than its users collectively owned, further boosting its credibility.

_{Source: Binance}

In total, Binance now holds more than 63.22 trillion SHIB tokens across all tracked wallets. This includes both customer assets and the exchange’s own reserves. That makes Binance the third-largest SHIB holder in the world, trailing only Coinbase and the SHIB burn address, according to on-chain data.

SHIB Price Remains Stable Amid Accumulation

Interestingly, SHIB’s price remained relatively flat during this accumulation phase. The token traded consistently between $0.00001200 and $0.00001350 in July, showing little reaction to broader market conditions. This suggests the token accumulation was not driven by speculation or hype, but by users taking long-term positions.

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Although other major platforms like Robinhood, Upbit, and Crypto.com also hold sizable SHIB reserves, none saw as much user-driven inflow during July as Binance. This quiet but consistent accumulation is especially notable given the lack of significant price movement or news. Whether this trend signals future developments or simply reflects growing interest at current prices, the scale of Binance’s SHIB inflow is challenging to ignore especially during a typically slow summer period.