Bybit Proof of Reserves Suggests Shiba Inu May Hold About 2.94 Trillion Tokens on Exchange

• Bybit shows ~2.94 trillion SHIB on exchange balances

• Bitcoin holdings rose 5.61% to 58,954 BTC; Ethereum climbed 6.59% to 604,131 ETH.

• USDT balances fell 4.75% (~242 million USDT removed) in the latest snapshot.

Shiba Inu holdings: Bybit shows ~2.94T SHIB in reserves; read the snapshot analysis and key takeaways. Stay informed with COINOTAG updates.

What are Shiba Inu holdings on Bybit?

Shiba Inu holdings on Bybit total 2,943,549,207,720 SHIB according to Bybit’s 25th proof of reserves snapshot. The figure places SHIB well above other tokens on the exchange and confirms significant user-held balances, while major coins like Bitcoin and Ethereum also showed net increases.

How did Bybit’s proof of reserves change SHIB, BTC, ETH and USDT balances?

The snapshot measured holdings across multiple blockchains and highlighted several shifts. Bitcoin holdings climbed 5.61% to 58,954 BTC, an increase of over 3,100 BTC since late July. Ethereum rose 6.59% to 604,131 ETH, adding roughly 37,000 ETH. USDT balances decreased by 4.75% to 4.85 billion, with over 242 million USDT leaving the platform.

Bybit’s newest proof of reserves drew the attention of Shiba Inu (SHIB) fans to one number: 2,943,549,207,720 Shiba Inu tokens. That is roughly three trillion coins held on the second largest crypto exchange, confirming that SHIB is still a top player when it comes to user balances.

The snapshot, the 25th in Bybit’s audit series, covered holdings across multiple blockchains. Nonetheless, with its trillions, SHIB towered above the rest, making every other balance look small in comparison.

Why does the SHIB distribution matter beyond Bybit?

Distribution data shapes token supply dynamics and perceived scarcity. An estimated 41% of SHIB’s supply sits in the burn address, representing over $5 billion removed from circulation. Large custodial balances on centralized platforms influence market liquidity and trading flow, affecting price discovery and investor confidence.

The distribution of SHIB reveals a unique narrative when viewed beyond Bybit. An enormous 41% of the supply is in the burn address, representing over $5 billion removed from circulation.

Coinbase, Binance, Upbit, Robinhood and Crypto.com hold a majority of the remaining active supply, each keeping trillions of tokens on hand.

When did BTC, ETH and USDT movements occur?

The most notable movements reported in the snapshot are concentrated in the three weeks preceding the audit. Bitcoin increased by more than 3,100 BTC since late July, Ethereum added roughly 37,000 ETH, and USDT outflows totaled about 242 million during the same window.

Frequently Asked Questions

Is SHIB still relevant in 2025?

For meme coin watchers, the numbers confirm that the Shiba Inu coin is not just forgotten hype of 2021. In one of the industry’s most detailed audits, SHIB sits alongside Bitcoin and Ethereum, and its trillions prove that it has become a permanent line item on exchange balance sheets. Do not forget that it is still the biggest Ethereum-based meme coin.

Key Takeaways

• Massive SHIB presence: Bybit holds ~2.94 trillion SHIB, underscoring sustained user interest.
• Major coin inflows: BTC and ETH balances increased meaningfully in the latest three-week window.
• Stablecoin outflows: USDT decreased by ~4.75%, signaling notable stablecoin movement off the exchange.

How to interpret exchange proof of reserves?

Step 1: Verify snapshot date and covered chains. Step 2: Compare percentage changes across assets to identify inflows/outflows. Step 3: Cross-check burn addresses and large custodial wallets for supply context. Use these steps to assess liquidity and market impact.

Conclusion

The latest Bybit proof of reserves highlights that Shiba Inu holdings remain substantial, with ~2.94 trillion SHIB on exchange books. Coupled with rising BTC and ETH balances and declining USDT reserves, the snapshot offers a clear window into exchange liquidity and token distribution. Monitor future audits for trend confirmation and portfolio implications. COINOTAG will continue publishing updates.