A recent Binance report has shown a significant increase in Shiba Inu savings on the platform during July, highlighting sustained interest from users in this crypto asset.
Shiba Inu Data on Binance
According to the latest Binance data, users added 502.76 billion Shiba Inu (SHIB) tokens in July. As a result, total savings reached 55.83 trillion tokens as of August 1, marking a notable increase from 55.32 trillion SHIB the previous month.
Statistics and Reserves of Shiba Inu
The zk-SNARK-based audit from Binance reveals that the exchange supports 55.72 trillion SHIB in total reserves, of which 55.71 trillion is on-platform and 1.58 trillion is under third-party custody. The reserve ratio stood at 100.71%, indicating that Binance holds slightly more than the total user token count.
Price Analysis of Shiba Inu
SHIB's price has recently fluctuated between $0.00001200 and $0.00001350, showing minimal response to external factors. This suggests that the accumulation was organic, focusing on long-term user positions rather than news speculation.
The report on Shiba Inu savings at Binance underscores the market participants' interest in this asset as well as the steady accumulation trend even amid price stability.