😱🔥Shiba Inu News: 1.75 Trillion SHIB Moves From Robinhood, What’s Happening?
#ShibaInu News: Whale tracker Whale Alert on Thursday recorded two transactions that moved 1.75 trillion Shiba Inu (SHIBA) tokens from Robinhood. Moreover, the price of Shiba Inu has increased by over 6% in the last 24 hours as the whales have started to accumulate, but the transfer of 1.75 trillion SHIBS has led to buzz in society, which has renewed the upward trend.
Did the Shiba Inu Whale Buy 1.75 Trillion SHIBS?
One wallet address attracted a total of 1.75 trillion #SHIB in two transactions of 875,000,000,000 shib each worth $19 million on May 2. The massive movement of Shiba Inu tokens from Robinhood to a single wallet address has increased speculation of a recovery in the SHIB price after the recent decline.
Large transactions took place from Robinhood to the wallet address 0X73AF3BCF944A6559933396C1577B257E2054D935. Etherscan data revealed that the wallet had also previously moved Shib to and from Robinhood.
Before the last transfer of 1.75 trillion, the wallet had moved 3 trillion SHIB to Robinhood 8 days ago and 4 trillion Shib 13 days ago. Therefore, Robinhood may have an internal wallet or a market maker. The tokens in the wallet turned down the possibility of belonging to Robinhood.
More data has emerged, on-chain analysts have previously reported the wallet address for large coin movements and claimed that the wallet belongs to the market maker Jump Trading. This wallet has 246 different crypto assets worth $ 449 million. SHIB is the second largest conglomerate. The wallet has over 5 trillion SHIB tokens worth $129 million.
SHIB Price Is Rising 6%
The SHIB price has increased by 6% in the last 24 hours, and the price is currently trading at $0.00002214. The 24-Hour low and high are US$0.00002071 and US$0.00002300, respectively. Also, the trading volume has decreased slightly in the last 24 hours.
The SHIB futures open interest rate (OI) increased by 3% in the last 24 hours, indicating that interest in the derivatives market is increasing.
