Bybit crypto exchange has released its latest proof of reserve, which revealed its significant Shiba Inu holdings. This comes at a time when the top meme coin is struggling to sustain an uptrend, although Bybit’s holdings indicate that investors are still very much interested in the coin.

Bybit Reveals 2.9 Trillion Shiba Inu Holdings

The exchange’s proof of reserve data shows that it holds just over 2.943 trillion Shiba Inu tokens ($37 million). This is based on a snapshot Bybit took on August 14. These holdings typically represent the amount of coins that the exchange is holding on behalf of its customers, indicating a significant demand for the meme coin on the exchange.

Etherscan data also shows that there is significant demand for Shiba Inu on other exchanges. Robi

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