Robinhood Stuffs More SHIB To Its Cart
The Robinhood platform is not the sole arena where Shiba’s charm is proving irresistible. Based on insights from the crypto intelligence firm Arkham, in alignment with Lola’s observations, Robinhood’s SHIB holdings have expanded significantly to a jaw-dropping 36.684 trillion tokens, with an estimated value of approximately $350 million.My Tweet yesterday shows 36.454 Trillion by Robinhood from data provided by Arkham and now in less than 24 hours , they have 36.684 Trillion . 231 Billion Shiba INU added on that exchange They are accumulating while accumulating … — Lola (@CryptoLollla)This data, coupled with information from IntoTheBlock, paints a vivid picture of a full-blown Shiba stampede that is reshaping the crypto landscape. Whales, considered the apex predators in the vast ocean of cryptocurrencies, seem to have fallen head over flippers for the meme coin. IntoTheBlock’s metric tracking “Large Holders Netflow” has recorded an astonishing spike of 1,542%, indicating a substantial accumulation of SHIB by these influential market players.
Whale Appetite Soars
This whale enthusiasm extends to a remarkable 181% surge in “Large Holder Inflow” and a staggering 551% increase in the “Whale Activity Index.” The collective movement of these whales resembles a synchronized swimming routine of the crypto elite, all with their synchronized wallets pointed towards SHIB.Fresh whale wallets accumulated , , and today! 0xF633 withdrew 1.44T ($13.36M) and 3M ($1.2M) from and in the past 2 days. 0xAdf5 withdrew 1,075 ($1.9M) from 4 hours ago.… — Lookonchain (@lookonchain)The feeding frenzy intensifies with the emergence of a new Shiba whale, devouring a substantial 1.44 trillion tokens.
SHIBUSD currently trading at $0.00000955 on the daily chart:The Robinhood-Shiba rendezvous and the orchestrated dance of the whales suggest a potential boom for the canine coin. Yet, the sustainability of this upward climb remains uncertain.
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