The post Crypto Panic: Binance’s Decreasing SHIB Holdings Raise Red Flags! appeared first on Coinpedia Fintech News
The crypto market is trying to recover from the recent decline. Amidst these hard times, the biggest crypto exchange Binance has released their proof of reserve report. The report shows a drop of 0.27% in Shiba Inu holdings. This might look like a minor decline however, this has caused concerns among investors and meme coin enthusiasts. The Shiba army is definitely not happy after seeing this.
A Noticeable Decline in SHIB Reserves
As per the data fetched in June, Binance had 62.96 trillion Shiba Inu tokens in their reserve. Now, this has fallen to 62.79 trillion tokens. While a 0.27% drop seems small, it’s part of a bigger trend. In June, Binance held about 64.8 trillion SHIB tokens. So, in two months, the SHIB reserves fell by 3%. This drop is significant and can’t be ignored.
Source : Binance Proof of Reserve
Reports have been shared for other cryp
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