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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.

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Celal Mutlu
Celal Mutluhttps://coinotag.com/
Celal Mutlu is a young Satoshi reflection at the age of 21. His favorite characters are CZ and Vitalik, and he has a great sense of humor. Celal is a keen follower of developments in the world of cryptocurrency and keeps up with the latest news and trends.
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