Analysis by Etherscan.io shows that Binance, the largest cryptocurrency exchange in the world, currently holds a huge amount of $83 trillion SHIB worth $738,549,274 ($738.54 million) in two linked wallets designated as "Binance 28" and "Binance 8." This happened after Binance made a maximum bet on the acquisition of the portfolio of the bankrupt digital currency broker Voyager for more than $ 1 billion. Voyager's holdings were valued at $579 million and included Shiba Inu worth $81.7 million, making it the third largest asset by dollar value after Ethereum (ETH) and USD Coin (USDC). Data from CoinMarketCap shows that at the time of writing, Binance had more than 87 trillion Shiba Inu worth $765,339,000 ($765.33 million) as reserves spread across seven interconnected wallets. Crypto.com has Shiba Inu reserves with a market value of $558 million, more than Ethereum, while KuCoin holds 4.43 trillion Shiba as reserves, Huobi has 1.85 trillion and Bybit has 366 billion, respectively. Moreover, Binance recognized Shiba Inu as the third most traded cryptocurrency in 2022 after Bitcoin and Ethereum earlier in November 2022 when it announced its support for the token on Binance Pay immediately after adding it to its Binance card in September 2022. Currently, one unit of Shiba Inu is trading at 0.000008798 with a 24-hour trading turnover of $202.12 million.
