On the widely-used buying and selling platform Robinhood, Shiba Inu, incessantly hailed because the “Dogecoin slayer,” has sparked a surge of enthusiasm throughout the cryptocurrency realm.
In a exceptional flip of occasions, Robinhood amassed a staggering 231 billion tokens inside a mere 24 hours, boldly proclaiming its presence within the crypto area.
This surge in reputation, in response to crypto fanatic Lola in her newest evaluation, has catapulted SHIB to the coveted third place on Robinhood’s crypto podium, leaving established gamers like Litecoin and XRP trailing in its wake.
Robinhood Stuffs Extra SHIB To Its Cart
The Robinhood platform shouldn’t be the only real area the place Shiba’s appeal is proving irresistible. Primarily based on insights from the crypto intelligence agency Arkham, in alignment with Lola’s observations, Robinhood’s SHIB holdings have expanded considerably to a jaw-dropping 36.684 trillion tokens, with an estimated worth of roughly $350 million.
My #Robinhood Tweet yesterday reveals 36.454 Trillion #SHIB by Robinhood from information supplied by Arkham
and now in lower than 24 hours , they’ve 36.684 Trillion $SHIB . 231 Billion Shiba INU added on that alternate
They’re accumulating whereas #TRADEFI accumulating #Bitcoin…
— Lola (@CryptoLollla) January 17, 2024
This information, coupled with data from IntoTheBlock, paints a vivid image of a full-blown Shiba stampede that’s reshaping the crypto panorama.
Whales, thought of the apex predators within the huge ocean of cryptocurrencies, appear to have fallen head over flippers for the meme coin. IntoTheBlock’s metric monitoring “Massive Holders Netflow” has recorded an astonishing spike of 1,542%, indicating a considerable accumulation of SHIB by these influential market gamers.
Whale Urge for food Soars
This whale enthusiasm extends to a exceptional 181% surge in “Massive Holder Influx” and a staggering 551% improve within the “Whale Exercise Index.” The collective motion of those whales resembles a synchronized swimming routine of the crypto elite, all with their synchronized wallets pointed in direction of SHIB.
Recent whale wallets collected $SHIB, #BIGTIME, $MKR and $RNDR in the present day!
0xF633 withdrew 1.44T $SHIB($13.36M) and 3M #BIGTIME($1.2M) from #Binance and #Gateio prior to now 2 days.https://t.co/OkHSaNTFV9
0xAdf5 withdrew 1,075 $MKR($1.9M) from #Binance 4 hours in the past.… pic.twitter.com/b83nvDsP8g
— Lookonchain (@lookonchain) January 9, 2024
The feeding frenzy intensifies with the emergence of a brand new Shiba whale, devouring a considerable 1.44 trillion tokens.
SHIBUSD at present buying and selling at $0.00000955 on the each day chart: TradingView.com
The Robinhood-Shiba rendezvous and the orchestrated dance of the whales counsel a possible increase for the canine coin. But, the sustainability of this upward climb stays unsure.
Shiba Inu, with the backing of Robinhood, Arkham, and the formidable whales, is not merely chasing Dogecoin’s tail. It’s emphatically staking its declare on the crypto panorama, capturing the eye of your complete world.
Will Shiba Inu proceed its upward climb? Solely time will reveal the reply. Nonetheless, within the unpredictable realm of crypto, this underdog has undeniably earned its place on the desk and is unafraid to reveal its tooth within the face of potential progress and challenges alike.
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