An anonymous wallet has withdrawn 1.75 trillion Shiba Inu tokens from the Robinhood exchange, continuing its accumulation spree as SHIB's price declines. Recently, Whale Alert, an automated market tracking tool, reported the significant withdrawal of Shiba Inu tokens from the popular U.S. exchange Robinhood.
On May 1st, at 22:48 UTC, 875 billion SHIB tokens worth over $19.67 million were transferred from Robinhood to an anonymous wallet. Less than a minute later, a similar amount of SHIB tokens was transferred from Robinhood to an unknown wallet.
Interestingly, the 875 billion SHIB tokens ended up in the same anonymous wallet, "0x73af3bcf." In total, this whale withdrew 1.75 trillion SHIB tokens from Robinhood, valued at $39,346,292.
At press time, Etherscan data shows that the recipient's wallet still contains the withdrawn SHIB tokens. Additionally, this wallet has been accumulating for weeks, receiving various digital assets such as AERO, LIBRA, and LINK from other exchanges like Uniswap throughout April.
Before the recent inflow of 1.75 trillion SHIB tokens from Robinhood, the whale sent 3 trillion SHIB tokens to the exchange on April 24th. Meanwhile, five days earlier, the wallet had sent 4 trillion SHIB to Robinhood after several inflows of Shiba Inu tokens from the exchange.
In total, this monitored address has sent 8.7 trillion SHIB tokens to "Robinhood 2" in the last 30 days, while also receiving an impressive influx during the same period. At the time of writing, the whale's wallet contained over 5.88 trillion Shiba Inu tokens, valued at $128,072,631.
Most transactions involving Shiba Inu tokens in the "0x73af3bcf" wallet originate from Robinhood and have been sent there.
The question on everyone's mind: what is going on here, and does anyone know more than we do?
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