Latest Proof of Reserves Shows Binances Holdings in Shiba Inu and XRP

Binance’s 19th Proof of Reserves Report Reveals Changes in BTC, ETH, USDT, XRP, and Shiba Inu Holdings Totaling $124.69 Billion
Renowned crypto journalist Colin Wu recently highlighted Binance’s unveiling of its 19th Proof of Reserves report, showcasing significant shifts in user assets. As of June 1, Binance users held 582,292 BTC tokens, marking an increase of 534 BTC from the previous month. ETH assets held by users reached 4.664 million, showing a 7.02% rise, while USDT tokens held by customers declined by 3.38% to 22.08 billion.
Overall, Binance’s total asset reserves amount to $124.69 billion, indicating a net outflow of $1.54 billion compared to the previous month. This report underscores Binance’s commitment to maintaining a 1:1 ratio of user assets, supported by additional reserves.
XRP balances and whale movements were also detailed in the report. Customer net balances for XRP totaled 2.9 billion XRP, with Binance net balances at 2.934 billion XRP, including both direct exchange balances and third-party custody. The XRP ratio stood at 101.17%, revealing a surplus in one of the balance metrics. XRP is currently trading at $0.5242 with a 0.03% 24-hour growth.
Inflows and outflows have been observed on exchanges like Binance, with Whale Alert reporting $88 million in XRP transactions between Coinbase and Binance. These movements are important for understanding exchange liquidity, risk management, and asset distribution.
The report also shed light on Shiba Inu (SHIB) holdings, with customer net balances totaling 62.62 trillion SHIB and Binance’s net balances at 64.8 trillion tokens. The SHIB ratio of 103.49% indicates slightly higher customer holdings compared to Binance. SHIB is currently trading at $0.00002524, showing a 1.43% decrease over the last day.
Despite gaining significant support and listings on top centralized exchanges, SHIB may not be the only ecosystem token traded on Binance in the future, according to crypto analyst Del Crxpto. However, exchanges like Binance and Coinbase have yet to list BONE, another Shiba Inu ecosystem token, despite community requests.
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