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In a striking show of its crypto expertise, Robinhood has become a big player in the Shiba Inu world by holding a whopping 34 trillion SHIB tokens. This achievement firmly establishes Robinhood as one of the biggest SHIB token holders.
Furthermore, Robinhood is also the fifth-largest custodian of Ethereum (ETH), and it possesses a substantial Bitcoin collection worth around $3.2 billion.
Robinhood’s Quick Climb in Shiba Inu Holdings
Robinhood’s accumulation of SHIB tokens has been truly impressive, especially in recent days. Just three weeks ago, they had around 20 trillion SHIB tokens, worth about $197.4 million.
Now, new data shows that Robinhood has added a remarkable 14.086 trillion SHIB tokens to its holdings. This brings their total SHIB holdings to approximately $279.85 million, marking a staggering 70.4% increase. Interestingly, this surge coincides with the reopening of Shibarium, Shiba Inu’s layer-2 scaling solution.
Looking at Robinhood’s wallets, it’s clear they have their 34 trillion Shiba Inu tokens spread across three main wallet addresses: 0x40B38765696e3d5d8d9d834D8AaD4bB6e418E489 (20 trillion SHIB), 0x73AF3bcf944a6559933396c1577B257e2054D935 (7.44 trillion SHIB), and 0x2eFB50e952580f4ff32D8d2122853432bbF2E204 (6.59 trillion SHIB).
The Effect of Shibarium’s Reopening
The recent reopening of Shibarium seems to be a big deal for the Shiba Inu ecosystem. What’s striking is that the platform has seen a whopping 564% increase in the number of wallet addresses and a 71.3% uptick in transactions.
These numbers show that the SHIB token’s ecosystem is growing rapidly. It appears that Robinhood’s decision to acquire more SHIB tokens is a strategic move to take advantage of the token’s rising popularity and the expanding ecosystem around it.
Shiba Inu (SHIB) Market Status
Even though Robinhood has achieved impressive milestones and the Shiba Inu ecosystem is growing, the overall feeling in the market towards SHIB remains negative. In the last 24 hours, the token’s value has fallen, reaching $0.000007982.
Robinhood’s rise as a major SHIB token holder reinforces its presence in the crypto world. With a growing portfolio that includes significant amounts of SHIB, Ethereum, and Bitcoin, Robinhood is making a lasting impact on the cryptocurrency landscape.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
