Binance’s 19th Proof of Reserves Report Unveils Changes in Asset Holdings
Colin Wu, a well-known crypto journalist, reported that Binance has released its 19th Proof of Reserves report, showcasing significant shifts in user assets. As of June 1, Binance users held a total of $124.69 billion in asset reserves, with notable changes in BTC, ETH, USDT, XRP, and Shiba Inu holdings.
In terms of specific assets, Binance users were holding 582,292 BTC tokens, an increase of 534 BTC from the previous month. User ETH assets reached 4.664 million, marking a 7.02% rise, while USDT tokens held by customers decreased by 3.38% to 22.08 billion.
The report also delves into the financial statistics of XRP. Customer net balances amounted to 2.9 billion XRP, with Binance net balances totaling 2.934 billion XRP. The XRP ratio stands at 101.17%, indicating a surplus in one of the balance metrics. At the time of writing, XRP was trading at $0.5242 with a 0.03% 24-hour growth.
Whale Alert, a blockchain tracker, observed $88 million in XRP moving in and out of Coinbase and Binance recently, highlighting the importance of monitoring liquidity, risk management, and asset distribution on exchanges.
Additionally, the report provides insights into Shiba Inu (SHIB) cryptocurrency. Customer net balances totaled 62.62 trillion SHIB, with Binance’s net balances reaching 64.8 trillion tokens. The SHIB ratio of 103.49% suggests that customer holdings slightly exceed those of Binance. SHIB is currently trading at $0.00002524, showing a 1.43% decrease over the last day.
Despite gaining significant support and listings on various centralized exchanges, SHIB has not been the only ecosystem token traded on Binance. Del Crxpto, a crypto analyst, remains optimistic about the future of SHIB and other ecosystem tokens.
It is important to note that this content is for informational purposes only and should not be considered financial advice. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic is not liable for any financial losses incurred.
