USDC: Approximately $2.9 billion
USDT: Approximately $600 million
BNB: Approximately $3 billion
BTC: Approximately $1.25 billion
XRP: Approximately $167 million
ETH: Approximately $15 million (negligible)
SOL: Approximately $260,000 (negligible)
Conclusion⬇️
1️⃣ Stablecoins account for half, ensuring sufficient cash flow.
2️⃣ BNB accounts for half, still primarily focused on BNB, so it's safe to hold BNB.
3️⃣ BTC is held in part; besides USDT and BNB, Binance also has faith in BTC.
4️⃣ Other fluctuations are not significant; mainly increased holdings of BTC and USDT.
🤔 Strange
Does Binance really have such limited cash flow?
Binance released its May reserve report today, showing a significant increase in stablecoin reserves such as USDT and USDC compared to the same period in February. Meanwhile, altcoins like SOL and XRP continue to be reduced.
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