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WazirX Releases Proof of Reserves, Around 20% of Holdings are in Shiba Inu

Indian crypto exchange WazirX has released its Proof of Reserves (PoR), sharing wallet addresses and digital asset holdings. Notably, Shiba Inu accounts for the largest proportion of assets on the exchange as over 19% of its holdings are in the form of the meme coin.

A breakdown of the exchange's reserves by Coin Gabbar shows over 19% of WazirX's crypto holdings are in Shiba Inu. The platform has around 6.09 trillion SHIB tokens, worth over $54 million at the rate of $0.0000089. SHIB is currently trading at $0.0000088, down by 4% over the past day. 

Bitcoin, Ethereum, and DogeCoin are the next three biggest holdings of WazirX, each accounting for 8.32%, 9.36%, and 8.17%, respectively. The exchange disclosed its holdings of a total of 301 crypto assets. 

Shiba Inu
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