- Bybit’s latest audit lists 2.94 trillion SHIB held for users.
- Analyst sets $0.000081 SHIB target as burns exceed 400 trillion.
The exchange Bybit reported trillions of Shiba Inu under custody and market participants drew attention to tightening supply metrics and a prominent chart setup.
Bybit reports 2.94 trillion SHIB in latest proof-of-reserves snapshot
Bybit disclosed that user balances include approximately 2.94 trillion SHIB in its most recent proof-of-reserves review. The disclosure places SHIB among the exchange’s larger user-held assets by unit count and comes alongside increases in Bitcoin and Ethereum reserves and a reduction in stablecoin balances on the platform.
Bybit states it maintains one-to-one reserves against customer assets and publishes attestation details for transparency. The snapshot date referenced in coverage is mid-August 2025, with third-party reports citing 2.943 trillion SHIB, or roughly three trillion tokens, under custody for clients.
The structure of $SHIB (Shiba Inu)'s Inverse Head & Shoulders is still there and still being in the final shoulder areas of it, these prices can be on the brink of a substantial surge.
Target is over 540% away at $0.000081 but results could lead into new All Time Highs! https://t.co/eLtR3Byhgs pic.twitter.com/kc0d7Qak05
— JAVON⚡️MARKS (@JavonTM1) August 21, 2025
Additional industry tracking notes sizable SHIB concentrations at other venues, including wallets attributed to Robinhood and Binance, underscoring the presence of the token across exchange inventories.
On-chain burn totals and exchange concentrations frame supply dynamics
Supply contraction remains a central variable for SHIB. Etherscan’s burn tracking records more than 400 trillion tokens sent to designated burn addresses, while recent reports refer to a burn wallet holding about 410 trillion SHIB.
These figures indicate a material portion of lifetime issuance removed from circulation, though burn cadence and methodology vary by contributor and period.
Price context remains near the one-hundred-thousandth-decimal range. As of August 22, 2025, exchange dashboards show SHIB trading around $0.000012, with daily ranges consistent with recent volatility.
Liquidity is spread across major centralized venues and bridges, with derivatives open interest ebbing following macro events this week.
Market technicians continue to debate pattern validity. Analyst Javon Marks reiterated that SHIB’s chart retains the structure of an inverse head and shoulders pattern and projected a price objective near $0.000081, characterizing this as approximately 540 percent above prevailing levels when stated.
These projections reflect individual analysis and do not constitute guarantees, yet they frame current risk appetite among some participants.
For investors and treasurers following exchange transparency, several mechanics matter. Proof-of-reserves attestations enumerate assets under custody and their corresponding liabilities, but they do not capture off-exchange exposures, collateral rehypothecation constraints, or contingent claims.
Bybit’s disclosures are part of a broader industry practice that includes publishing wallet addresses and periodic snapshots, which can be cross-referenced with third-party on-chain data for monitoring.
The intersection of large exchange balances, burn-driven supply reduction, and visible technical targets provides a concise framework for tracking SHIB in coming sessions. Participants will focus on subsequent reserve updates, burn throughput, and whether realized volumes confirm the price objectives highlighted by chart analysts.
At the time of writing, the price of Solana (SOL) has declined by exactly –3.06 percent over the past 24 hours, standing at $178.62 per coin according to Binance data, with a 24-hour high of $186.12 and low of $177.47.
