Hi Guys,
It's Big & Big $SHIB #alert ever this Time !!!
Robinhood Shuffles 3,000,000,000,000 Shiba Inu as SHIB Recovers Above $0.000025
Robinhood shuffles a whopping 3 trillion Shiba Inu (SHIB) tokens as prices recover above the much-coveted $0.000025 territory for the first time in over ten days.
Shiba Inu has witnessed a series of whale movements in recent times, especially as the market looks to recoup the losses of the latest correction. Some of these whale movements involve inflows and outflows from exchanges, while some are mere shuffles carried out by trading platforms for finance reasons.
Robinhood Moves 3T Shiba Inu
Whale Alert, a prominent whale-tracking resource, drew attention to one of these large transactions in a post today.
According to the disclosure, an unidentified wallet moved 3 trillion SHIB valued at $74.7 million at the time to a wallet belonging to American trading platform Robinhood.
🚨 🚨 🚨
3,000,000,000,000 #SHIB (74,788,500 USD) transferred from unknown wallet.
The movement caught the eye, especially due to the substantial value involved and the perception that it involved an exchange inflow.
For context, investors move large amounts of tokens to exchanges when they have an intent to liquidate them on these platforms. As a result, such inflows contribute to bearish sentiments.
Commentaries surrounding these sentiments have already emerged, with some speculators suggesting the whale involved might be looking to sell off his Shiba Inu tokens to procure some GameStop (GME) tokens.
Recall that GME, the Solana-based meme coin, soared over 3,900% in two days on the back of the rally from the original GameStop stock.
An Exchange Shuffle
Interestingly, these speculations surrounding a potential dump of the 3 trillion SHIB tokens were inspired by scarcity of information. A closer look at the movement indicates that the transaction was in fact an in-house shuffle carried out by Robinhood and not an inflow.
