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Gate.io Holds Trillions of Shiba Inu Tokens Amid Bankruptcy Rumors

Gate.io, a popular crypto exchange platform, holds trillions of Shiba Inu (SHIB) tokens valued at approximately $52 million. This comes amid rumors of the exchange's financial instability, which has raised concerns among its users and the broader crypto community. Gate.io's significant holdings of SHIB have also raised questions about the potential impact on the token's value. Other leading exchanges, such as Binance and Crypto.com, also hold substantial amounts of SHIB due to the sheer magnitude of Shiba Inu investors on their platforms.

Shiba Inu Shiba Inu $0.00
+4.87%
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