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Here's How Much SHIB, BTC and ETH Holds

Thu, 06/01/2023 - 15:52
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Alex Dovbnya
According to Lookonchain, out of's total assets of $1.44 billion, SHIB represents $52 million
Here's How Much SHIB, BTC and ETH Holds
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Recent updates have surfaced about the total assets held by, one of the long-established cryptocurrency exchanges.

Amid rumors of insolvency and a drop in GateToken (GT) prices, the exchange maintains a solid holding in Shiba Inu (SHIB), Bitcoin (BTC) and Ethereum (ETH).

Blockchain analytics firm Lookonchain has reported the details of's asset holdings. Among a total of $1.44 billion held across six wallets, SHIB, the renowned meme coin, constitutes 4%, amounting to $52 million.

At the same time, Bitcoin and Ethereum, the two major players on the crypto market, represent 5% and 19% of the total assets, respectively.

Despite the market shake-up, has firmly denied bankruptcy rumors. The platform assures its users of the continued efficiency and health of its operations.

Tether Successfully Recovers $20 Billlion in Losses, Here's How claims that its primary focus remains its ongoing 10th-anniversary celebrations and the launch of its latest trading platform, Gate.HK.

The popular exchange has been impacted by events concerning Multichain. Rumors of the Multichain team's arrest in Shanghai led to significant fund movement by large MULTI token holders, which caused a substantial fall in its price.

Despite these events, claims that it is committed to providing secure, quick and reliable crypto trading services, while ensuring user security remains steadfast.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at