Binance Users Add 502.76 Billion Shiba Inu (SHIB) in July, Totaling 55.83 Trillion Tokens.

Binance users added 502.76 billion Shiba Inu (SHIB) in July, increasing total customer balances to 55.83 trillion tokens. The exchange matched the demand with 55.72 trillion SHIB in total reserves, resulting in a 100.71% reserve ratio. SHIB's price has been flat between $0.00001200 and $0.00001350, suggesting organic accumulation rather than speculation. Binance now holds over 63.22 trillion SHIB, ranking third globally among SHIB holders.

Shiba Inu (SHIB) has been in the news recently with the launch of a major governance initiative and significant changes in its reserves on Binance. Shytoshi Kusama, the lead developer of Shiba Inu, announced a new governance framework that includes the creation of a president and a DAO council. This initiative follows Shiba Inu's core values of community ownership and self-governance, and it aims to further decentralize the project. The new governance system will use a 1-token-1-vote model for SHIB, BONE, LEASH, and TREAT holders, giving them a direct say in the project's future [1].

Meanwhile, Binance has seen a significant increase in SHIB reserves. In July, Binance users added 502.76 billion SHIB to their balances, bringing the total to 55.83 trillion tokens. The exchange matched this demand with 55.72 trillion SHIB in total reserves, resulting in a 100.71% reserve ratio. This indicates organic accumulation rather than speculation, as SHIB's price has remained flat between $0.00001200 and $0.00001350. Binance now holds over 63.22 trillion SHIB, ranking third globally among SHIB holders [2].

The SHIB community has responded positively to the governance initiative, with the token's price rising 3.02% intraday after the announcement. However, technical indicators suggest caution, as SHIB trades just under resistance at $0.00001202, with a looming Head and Shoulders pattern indicating potential bearish movement. Despite this, the 1-token-1-vote system could increase the influence of large holders and early supporters, potentially driving the token's price higher [1].

In contrast, Remittix (RTX), a new payment solution, has been quietly attracting whale and retail investor interest. The crypto asset has seen successive price surges since the start of the second half of 2025 and is now gaining traction among retail investors. The project's infrastructure is live and ready to launch, with wallet integrations, fiat off-ramps, and institutional partnerships underway. Retail investors are optimistic about the potential of RTX, with some predicting a 100x opportunity [3].

In conclusion, Shiba Inu's governance initiative and Binance's increased SHIB reserves suggest a positive outlook for the token. However, technical indicators and the ongoing development of Remittix highlight the need for caution and further analysis.

References:
[1] https://invezz.com/news/2025/08/07/shib-launches-major-governance-initiative-but-rtx-is-stealing-headlines-after-a-500-price-surge/
[2] https://thetradable.com/crypto/shib-shiba-inu-price-bounces-back-from-key-support-despite-weekly-drop-3--v
[3] https://cryptonewsland.com/3-more-bullish-meme-coins-to-buy-now-as-dogecoin-doge-and-shiba-inu-shib-move-slow/