Shiba

Impact

Read

Shiba Inu

Trillion

<ul>
 <li>An anonymous wallet accumulated 1.75 trillion Shiba Inu tokens, worth over $39 million, in two rapid transfers on Robinhood.</li>
 <li>The wallet’s active engagement on Robinhood includes significant transactions totaling over 3 trillion SHIB last month.</li>
 <li>Despite SHIB’s monthly price decline of over 16%, high trading volumes and wallet activities signal ongoing interest in the token.</li>
</ul>
<p>On May 1, a significant transaction on the Robinhood exchange saw an anonymous wallet accumulate 1.75 trillion Shiba Inu tokens, valued at over $39 million. This massive withdrawal involved two transfers, each moving 875 billion SHIB within a minute, signaling a robust accumulation strategy by the wallet holder.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 875,000,000,000 <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SHIB</a> (19,679,610 USD) transferred from <a href="https://twitter.com/hashtag/Robinhood?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Robinhood</a> to unknown wallet<a href="https://t.co/6shZCvoacJ" rel="noopener noreferrer nofollow">https://t.co/6shZCvoacJ</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1785812373858558173?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 1, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p><strong>Transaction Details and Market Impact</strong></p>
<p>At precisely 10:48 PM UTC, the first batch of 875 billion tokens, worth approximately $19.67 million, swiftly exited Robinhood and was deposited into the anonymous wallet, tagged “0x73af3bcf.” This wallet quickly duplicated the action with another 875 billion tokens, bringing the total Shiba Inu holdings for this wallet to an impressive tally on that day alone.</p>
<p>Over the past month, this wallet has been notably active, engaging in high-volume transactions that underscore its heavy influence on the SHIB market. Before this colossal withdrawal, the wallet <a href="https://whale-alert.io/transaction/ethereum/0x06b0a050e378941d169321cf892ef263d702b29a79556d32cb8d2bf89157d5c5" target="_blank" rel="noopener noreferrer nofollow">injected</a> 3 trillion SHIB to Robinhood on April 24, showcasing a dynamic exchange of assets, including frequent inflows and outflows with the platform.</p>
<p>Furthermore, the whale’s transactions predominantly connect with Robinhood, suggesting a specialized trading arrangement or a targeted strategy with this exchange. This wallet’s activities reflect its significant market presence, <a href="https://etherscan.io/token/0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE?a=0x73af3bcf944a6559933396c1577b257e2054d935" target="_blank" rel="noopener noreferrer nofollow">holding</a> more than 5.88 trillion SHIB, valued at approximately $128 million.</p>
<p>Besides this wallet’s activities, the broader SHIB market has witnessed similar moves. Platforms like CryptoCom and Wintermute reported significant SHIB inflows to anonymous wallets last month, totaling over 1.154 trillion tokens. These transactions occur amidst a broader market downturn, with SHIB’s price falling by more than 16% over the last month.</p>
<p>Despite the market’s recent dips, the trading volume and wallet activities suggest a continuous interest in Shiba Inu tokens, highlighting cryptocurrency investments’ volatile yet intriguing nature.&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/eu-imposes-e1000-cap-on-anonymous-crypto-new-rules-loom/" rel="noopener noreferrer nofollow">EU Imposes €1,000 Cap on Anonymous Crypto: New Rules Loom</a></li>
 <li><a href="https://cryptonewsland.com/an-anonymous-wallet-address-buys-6193-46-rpl-tokens/" rel="noopener noreferrer nofollow">An Anonymous Wallet Address Buys 6193.46 RPL Tokens</a></li>
 <li><a href="https://cryptonewsland.com/robinhood-launches-mobile-payments-app-robinhood-wallet/" rel="noopener noreferrer nofollow">Robinhood Launches Mobile Payments App Robinhood Wallet</a></li>
 <li><a href="https://cryptonewsland.com/xrps-surging-value-spurs-massive-anonymous-whale-transfer/" rel="noopener noreferrer nofollow">XRP’s Surging Value Spurs Massive Anonymous Whale Transfer</a></li>
 <li><a href="https://cryptonewsland.com/robinhood-to-sack-300-employees-despite-job-listing/" rel="noopener noreferrer nofollow">Robinhood To Sack 300 Employees Despite Job Listing</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/anonymous-whale-wallet-amasses-1-75-trillion-shib-on-robinhood/" rel="noopener noreferrer nofollow">Anonymous Whale&nbsp; Wallet Amasses 1.75 Trillion SHIB on Robinhood</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Anonymous Whale Wallet Amasses 1.75 Trillion SHIB on Robinhood

Crypto News Land

Other articles published on May 2, 2024

Michael Saylor Reveals Open-Source MicroStrategy Orange Decentralized ID Protocol

Coinbase Reports Strong Earnings in First Quarter 2024

Bitcoin (BTC) Faces Severe Drop, XRP Holds Steady, Cardano (ADA) Sheds Key Support: Crypto Market...

Looking for The Next Tenfold Crypto Investment? Here are 3 Memes to Monitor This Year

Bitvavo Boosts Staking Services with Figment Partnership

Two Major Companies Make Critical Moves for Bitcoin (BTC): A Game-Changer in Crypto Industry

Join our free newsletter for daily crypto updates!