Binance PoR Shows 1.1T SHIB Outflow as BTC/ETH Reserves Rise

Binance’s latest Proof of Reserves (PoR) report shows a significant reduction in Shiba Inu (SHIB) holdings on the exchange. According to the report, Shiba Inu balances held in Binance reserves fell by 1.1 trillion tokens from May 1 to June 1. This shift suggests users are moving SHIB off the exchange, potentially for personal accumulation or staking initiatives.

In contrast to the SHIB outflows, Bitcoin (BTC) and Ethereum (ETH) reserve balances on Binance continued to rise over the same period. This divergence in asset movement offers a clearer picture of how different cryptocurrencies are being managed by users on the platform.

Proof of Reserves reports are a core part of transparency and compliance standards in the cryptocurrency space. They allow the community to independently verify that an exchange maintains the assets it publicly claims to hold. For users, these reports provide critical information about the security and liquidity of their funds held on centralized exchanges.

The movement of 1.1 trillion SHIB off-exchange suggests that a substantial number of token holders are engaging with their assets beyond the centralized exchange environment. This could involve self-custody solutions or participation in decentralized finance protocols.

As of June 19, 2026, Binance continues its practice of regularly publishing these Proof of Reserves reports. This commitment helps the community verify the exchange’s asset backing and supports a more informed and secure crypto experience.

Source: https://bitcoinist.com/07-binance-proof-of-reserves-reveals-shib-reserve-drop/