Shiba

Cryptocurrency

Arkham

Notable

Shiba Inu

<div class="coinjournal">
 <ul>
  <li>36.684 trillion SHIB tokens were added to Robinhood in 24 hours, fueled by investor interest.</li>
  <li>Notable SHIB whale moves and a 28,600% burn rate increase.</li>
  <li>Shiba Inu strategic partnership with D3 Global collaboration, SHIB domain acquisition, and ICANN pursuit.</li>
 </ul>
 <p>In a remarkable turn of events, <a rel="noopener noreferrer nofollow" title="Robinhood" href="https://thebittimes.com/tag/robinhood.html">Robinhood</a>’s Shiba Inu (SHIB) wallets have witnessed a staggering surge, accumulating 231 billion tokens in just 24 hours. This unprecedented growth, revealed by Arkham Intelligence data, brings <a rel="noopener noreferrer nofollow" title="Robinhood" href="https://thebittimes.com/tag/robinhood.html">Robinhood</a>’s SHIB <a rel="noopener noreferrer nofollow" title="holdings" href="https://thebittimes.com/tag/holdings.html">holdings</a> to an impressive 36.684 trillion tokens.</p>
 <p>As the crypto community closely watches, this surge is a testament to growing investor interest. It aligns with broader trends, including significant <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a> activities and strategic partnerships within the Shiba Inu ecosystem.</p>
 <h2 id="shib-accumulation-on-robinhood">SHIB accumulation on Robinhood</h2>
 <p><a rel="noopener noreferrer nofollow" title="Robinhood" href="https://thebittimes.com/tag/robinhood.html">Robinhood</a>, the commission-free trading platform, is making headlines with its substantial <a rel="noopener noreferrer nofollow" title="accumulation" href="https://thebittimes.com/tag/accumulation.html">accumulation</a> of Shiba Inu tokens. In a single day, the platform’s SHIB wallet saw an increase of 231 billion tokens.</p>
 <p>Notably, these exchange wallets reflect user holdings, signifying a substantial surge in SHIB accumulation by investors on the Robinhood platform. Cryptocurrency whales have also played a pivotal role, with one whale moving a staggering 136.8 billion tokens to a newly created wallet on the exchange.</p>
 <p>The accumulation of Shiba Inu on Robinhood coincides with a community-driven burn event that has incinerated 9.35 billion SHIB tokens, showcasing a remarkable 28,600% increase in the burn rate.</p>
 <p>Last month, the community sent 8.6 billion SHIB tokens for permanent deletion, marking an astounding 160,598% increase from the previous day’s burn rate. This strategic combination of <a rel="noopener noreferrer nofollow" title="accumulation" href="https://thebittimes.com/tag/accumulation.html">accumulation</a> and burning underscores a dynamic market environment for Shiba Inu.</p>
 <h2 id="recent-shiba-inu-partnerships">Recent Shiba Inu partnerships</h2>
 <p>The surge in SHIB holdings is not isolated but ties into Shiba Inu’s strategic initiatives. A notable partnership with domain firm D3 Global has empowered users to acquire SHIB domain names.</p>
 <p>This collaboration positions Shiba Inu as one of the first decentralized projects pursuing a top-level domain name through the Internet Corporation for Assigned Names and Numbers (ICANN). The partnership aligns with the rising burn rate trend within the Shiba Inu community.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/robinhood-s-shib-holdings-hit-36-684t-amidst-burns-and-whales-accumulation-tbt76951.html">https://thebittimes.com/robinhood-s-shib-holdings-hit-36-684t-amidst-burns-and-whales-accumulation-tbt76951.html</a></p>

Robinhood’s SHIB holdings hit 36.684T amidst burns and whales’ accumulation

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