Cryptocurrency exchange Bybit has disclosed holding 2.94 trillion Shiba Inu (SHIB) tokens in its latest proof-of-reserve audit conducted on August 14, 2025. This substantial holding positions SHIB as one of the top user-held assets on the platform, reflecting rising demand and market activity.
The audit revealed significant shifts in Bybit's asset allocation: Bitcoin reserves increased by 5.6% to 58,954 BTC, while Ethereum holdings grew by 6.5% to 604,131 ETH. In contrast, USDT balances declined by 4.7%, indicating reduced stablecoin holdings and potential movement toward more volatile assets.
Bybit CEO Ben Zhou commented: "As we continue to demonstrate our commitment to transparency, holding 2.94 trillion SHIB tokens showcases the trust our users place in the exchange."
This disclosure aligns with broader market trends, as other major exchanges also hold significant SHIB reserves. Robinhood currently holds approximately 39 trillion SHIB tokens, while Binance wallets contain around 60 trillion, confirming substantial institutional interest across platforms.
The growing exchange accumulation coincides with ecosystem developments enhancing SHIB's utility. Recent Shibarium upgrades have focused on decentralization and validator instructions, while the Torii Gateway project now supports over 1,500 tokens across 60 networks, with potential expansion to non-EVM chains like Solana and Tron.
Analysts note positive on-chain indicators, including a strong Chaikin Money Flow and the formation of an inverse head-and-shoulders pattern. Analyst Javon Marks projects SHIB could reach $0.000081, representing a potential gain exceeding 540% from current levels.