According to Current Data, Robinhood Accumulates SHIB Tokens While Selling BTC Assets

  • A new accumulation frenzy has caught attention as Shiba Inu strengthens its position as the third-largest asset on Robinhood, one of America’s leading exchanges.
  • New data reveals that the exchange currently holds 36.825 trillion SHIB while showing a decrease in BTC assets.
  • Data from Arkham Intelligence shows that with 36 trillion SHIB tokens, Robinhood is the third-largest holder of Shiba Inu, excluding the burn address.

American trading application Robinhood’s prominently featured asset, SHIB token, maintains its position as the 3rd largest among the exchange’s assets!

Robinhood Accumulates SHIB While Selling BTC

robinhood-bitcoin

A new accumulation craze that strengthens Shiba Inu as the third-largest asset on Robinhood, one of America’s leading exchanges, has attracted attention. A crypto enthusiast highlighted this development in a recent tweet. Referring to the statistics from Arkham Intelligence, a well-known crypto market analysis firm, the user disclosed that the U.S.-based trading platform currently holds an astonishing 36.825 trillion SHIB tokens.

The user also revealed that Robinhood has acquired a significant SHIB token value and, concurrently, added 140 billion Shiba Inu. Interestingly, the user claimed that the exchange’s Bitcoin assets decreased following the recent SHIB token acquisition. Specifically, while Robinhood’s Shiba Inu assets were 36.685 trillion, the BTC portfolio was 131,438.

New data shows that the exchange currently holds 36.825 trillion SHIB while indicating a decrease in BTC assets. There are currently 468 fewer BTC, with a value of $19,449,144. Meanwhile, this user’s latest post relies on a previous update, which stated that the American trading platform accumulated 231 billion Shiba Inu tokens in just 24 hours. This observation was made on Wednesday, January 17th. In other words, Robinhood’s Shiba Inu assets increased by 371 billion in less than four days.

SHIB Stands Out as the Third Token

The value of 36.825 trillion SHIB at Robinhood is $347.63 million. This dollar value makes Shiba Inu the third-largest token under the exchange’s surveillance, following Bitcoin and Ethereum. Particularly, Robinhood’s Shiba Inu portfolio is more than twice the size of the closely-following Avalanche (AVAX) portfolio.

Additionally, data from Arkham Intelligence shows that with 36 trillion SHIB tokens, Robinhood is the third-largest holder of Shiba Inu, excluding the burn address. The exchange is surpassed only by Crypto.com and Binance.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Trump Highlights Severe Trade Tensions Between U.S. and Europe Amid Heavy Taxes and Lawsuits

On June 28th, U.S. President Trump highlighted the complex...

Bitcoin Sees Massive 11,770 BTC Outflow from Major CEXs Including Coinbase Pro and Binance

According to the latest data from Coinglass, centralized exchanges...

Bitcoin Spot ETF Sees $2.214 Billion Net Inflow in U.S. as BlackRock Leads with $1.31 Billion

According to data from Farside Investors, the United States...

TRUMP Token Liquidity Pool Drains $6.77 Million in Major Withdrawal, Reports OnChain Lens

According to OnChain Lens data reported by COINOTAG News...

US Senate’s $4.2 Trillion Tax Plan Sparks Debate Ahead of Bitcoin Deadline

The U.S. Senate, under Republican control, has unveiled a...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img