The 290 Million SHIB Whale Movement Sparks Robinhood Speculation!

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Right now shib The community has only one question in mind: Has Robinhood started stockpiling Shiba Inu? A mysterious and unidentified Shiba Inu whale has purchased 8.1 trillion Shiba Inu coins worth $290 million. Since it is thought that an individual investor cannot seize such large amounts, purchases made in this way attract attention. $290 million is an exorbitant amount and is thought to be just an exchange platform or a commercial asset.

WhaleStats was the first to disclose the massive SHIB transaction. The whale watching platform shared this development and the question on everyone’s mind with Twitter followers as follows:

“A new SHIB whale is born!!!

He is holding 8,108,189,881,576 SHIB ($290,244,320).

Welcome to the ShibArmy Family!

RobinhoodApp Is that you?”

This is a very valid question to consider and ponder, as only one exchange platform can have the purchasing power of $290 million worth of SHIB. Also, the huge amount of 8.1 trillion tokens is a huge amount for a single person to move. However, such large transactions are easier for a commodity exchange.

The whale in question purchased 8.1 trillion Shiba Inu tokens in three different transactions. The first transaction was made on Wednesday, while the other two transactions were completed on Thursday.

According to reports, Robinhood may be loading SHIB bags into its portfolio in anticipation of a listing. Robinhood may be taking an early entry position before listing takes place and start making profits after getting SHIB on board.

If the Robinhood listing takes place, the Shiba Inu could see a huge spike in price and even wipe out a zero or two in a week. Most importantly, the Robinhood listing will open its doors to new investors and take Shiba Inu trading volume to new heights.

Regardless, the $290 million acquisition is much more than meets the eye, and we’ll have to wait to see what it really means.

Whales Love Shiba Inu

Since the last week of July, whales have been logging into the Shiba Inu by purchasing billions and trillions of tokens. Also, almost every day, we come across news about a whale purchase by those on the ETH rich list. The Shiba Inu was the most sought after token in the whale community for the second consecutive month between October and November.

Intense buying among the whale community shows the Shiba Inu is expecting something big and they have taken up an early entry position. At the time of writing, the Shiba Inu is trading at $0.000034 and is down 4.5 percent in 24-hour day trading.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.


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