Bybit, a major cryptocurrency exchange, holds a large amount of Shiba Inu tokens, or SHIB. As of August 2025, Bybit‘s SHIB holdings total about 2.94 trillion tokens. This makes SHIB a significant part of the exchange’s balance sheet. The amount of SHIB held by Bybit is worth roughly $37 million at current market prices. Despite SHIB’s price dropping recently, many users still show strong interest in holding and trading the token. This large SHIB balance shows that traders and investors continue to see value or potential in the meme coin.
Bybit’s 2.94 trillion SHIB tokens highlight ongoing trader interest despite recent price drops.
Bybit’s SHIB holdings were confirmed in a recent proof of reserves audit. The audit covers multiple blockchains, showing that Bybit has an extensive amount of SHIB across different networks. Compared to other cryptocurrencies like Bitcoin and Ethereum, the SHIB tokens on Bybit are much higher. The exchange’s Bitcoin holdings increased by 5.61% to nearly 59,000 BTC. Ethereum holdings also rose by 6.59%, reaching over 600,000 ETH. In contrast, USDT balances fell by 4.75%, indicating that assets are shifting within the platform.
A large part of the SHIB supply is already out of circulation. About 41% of all SHIB tokens, worth over $5 billion, are stored in a burn address, making them unavailable for trading. Major exchanges like Coinbase, Binance, and Robinhood also hold trillions of SHIB tokens. Robinhood ranks as the third-largest holder with more than 39 trillion tokens, or about 3.9% of the total supply. Binance wallets collectively hold over 58 trillion SHIB tokens, and Crypto.com owns around 5 trillion tokens.
The presence of such large amounts of SHIB across many exchanges shows that there is ongoing demand for the token. Despite recent price declines, SHIB remains one of the biggest meme coins on Ethereum. Its large holdings in major exchanges and active on-chain movements highlight continued trading activity. Many traders buy and sell SHIB on platforms like Bybit, keeping liquidity high. This persistent demand underscores the token’s resilience despite market volatility.
