Robinhood recently accumulated a significant amount of Shiba Inu (SHIB) tokens, holding 36.825 trillion units after accumulating 371 billion SHIB tokens in under four days. Concurrently, Robinhood’s Bitcoin (BTC) holdings decreased by 468 coins, totaling $19,449,144 in value.
Recent accumulation activities have solidified Shiba Inu’s standing as the third-largest holding on the well-known American exchange Robinhood. This noteworthy development was highlighted by a Shiba Inu supporter, Lola, in a recent tweet.
Robinhood’s Latest Crypto Holdings and Bitcoin Drawdown
According to Lola, referencing data from crypto market analytics firm Arkham Intelligence, Robinhood, the U.S.-based trading platform, currently possesses an astounding 36.825 trillion units of SHIB tokens. Lola detailed that this substantial addition of SHIB tokens, totaling 140 billion Shiba Inu, coincided with a reduction in Robinhood’s Bitcoin holdings.
https://twitter.com/CryptoLollla/status/1748636883482271784?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1748636883482271784%7Ctwgr%5E1cc32103dc0ec8143278cfbbbc45864c288f4120%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcoinedition.com%2Frobinhood-accumulates-371-billion-shiba-inu-dropping-19m-bitcoin%2F
In particular, Lola’s disclosure specified Robinhood’s Shiba Inu holdings at 36.685 trillion, accompanied by a BTC portfolio of 131,438. These figures are cross-verified using a previous screenshot shared by Lola. The recent data emphasizes that as Robinhood’s SHIB holdings surge to 36.825 trillion, its BTC holdings have concurrently decreased by 468 BTC, with a corresponding value of $19,449,144.
Robinhood’s Rapid Shiba Inu Accumulation and Growing Dominance
Lola’s recent update built upon a previous revelation where she highlighted that the American trading platform had amassed over 231 billion Shiba Inu tokens in less than 24 hours, reported on Wednesday, January 17. In a span of under four days from that point, Robinhood’s Shiba Inu holdings have surged by an additional 371 billion.
The prevailing market value of Shiba Inu positions Robinhood’s impressive 36.825 trillion SHIB at $347.63 million. This valuation solidifies Shiba Inu as the third-largest token within Robinhood’s portfolio, trailing only Bitcoin and Ethereum. Notably, Robinhood’s Shiba Inu holdings surpass twice the amount held for Avalanche (AVAX), the following coin in line.
Moreover, data from Arkham Intelligence underscores that, excluding the burn address, Robinhood stands as the third-largest holder of Shiba Inu, with over 36 trillion SHIB tokens. Only Crypto.com and Binance surpass the exchange in Shiba Inu holdings.
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.
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