Meme Token SHIB Is holding 20% Of Its Reserves In Crypto com | SHIB | Crypto.com | Crypto Exchange

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Crypto exchange Crypto.com has revealed that it holds 20% of its reserves in Shiba Inu (SHIB) tokens, a meme digital currency. According to Nansen's blockchain research, Crypto.com holds the greatest share (31%) of its digital assets in Bitcoin, followed by Shiba Inu (SHIB) at 20%.

Crypto.com has about $570 million in Ethereum-based meme coins in addition to Ethereum, which comprises about 17% of the firm’s holdings. The Tether (USDT) and USDC stablecoins are each worth around 5% of Crypto.com's reserves, in addition to numerous other cryptocurrencies and tokens worth around 20% in total.

Nansen gathered the exchange’s wallet addresses into a single dashboard and revealed the exchange’s reserves. Crypto.com CEO Kris Marszalek confirmed the data on the dashboard in a tweet, saying that the exchange would provide more details on its complete holdings in the next couple of weeks in addition to the information on the dashboard.

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