- Bybit holds nearly 3 trillion Shiba Inu tokens, impacting market sentiment.
- Bybit’s proof-of-reserve highlights SHIB’s importance alongside Bitcoin and Ethereum.
- Rising speculative interest in volatile assets like SHIB over stablecoins.
Bybit’s recent audit reveals nearly 3 trillion Shiba Inu tokens in its reserves as of August 20, 2025, underscoring the cryptocurrency’s significant presence on this major exchange’s balance sheet.
This shifts user holdings toward risk assets, indicating increased speculative interest in Shiba Inu, potentially driving volatility and market activity on Bybit.
Bybit, a prominent centralized cryptocurrency exchange, recently revealed in a proof-of-reserve audit that it holds nearly 3 trillion Shiba Inu (SHIB) tokens. This audit was part of its regular processes, not accompanied by public statements from executives. The holding positions Shiba Inu as a significant asset alongside Bitcoin and Ethereum on the platform.
The audit, conducted on August 20, 2025, detailed the specific SHIB holdings. Bybit increased its Bitcoin and Ethereum reserves, while USDT holdings decreased significantly during this period. The shift suggests a trend towards speculative assets among users, possibly reflecting a bullish sentiment toward riskier investments.
This significant presence of SHIB on Bybit’s platform aligns with its status as a major meme coin alongside Bitcoin and Ethereum on some other exchanges. Major platforms like Robinhood and Binance are fellow significant holders of SHIB, reinforcing its economic relevance despite its meme origins.
There were no primary source statements or actions from key opinion leaders or regulators regarding the SHIB holdings. The data primarily stems from Bybit’s official dashboard. Notably, community discussions on platforms like Discord celebrate SHIB’s visibility on major exchange balance sheets, though developer activities on this event remain unchanged. As stated,
Currently, there are no direct quotes from Bybit executives or notable crypto KOLs regarding the recent proof-of-reserve audit that revealed Bybit holds nearly 3 trillion Shiba Inu (SHIB) tokens.
