Robinhood Snaps Up 230 Billion Shiba Inu Coins in Under a Day

• Robinhood's Elevated Investments in Shiba Inu
• Robinhood and TradeFi's Crypto Interests
• Shiba Inu: The Third-Largest Crypto Asset on Robinhood
• On-Chain Data and Whale Activity
• Anticipated Surge in Shiba Inu's Value

Robinhood's Elevated Investments in Shiba Inu

Financial powerhouse Robinhood continues to show significant interest in Shiba Inu$0.000010 -2.05%. As per the cryptocurrency exchange Arkham, Robinhood expanded its Shiba Inu assets by a staggering 231 billion SHIB tokens in a span of less than 24 hours.

Robinhood and TradeFi's Crypto Interests

Shiba Inu aficionado Lola detailed in her latest post that Robinhood's acquisition of SHIB tokens is not the only notable market activity. TradeFi, another exchange platform, has been heavily acquiring Bitcoin$42,260 -0.64%. In comparison to the figures from Tuesday, Robinhood's total SHIB holdings have escalated from 36.454 trillion to 36.684 trillion.

Shiba Inu: The Third-Largest Crypto Asset on Robinhood

Currently, Shiba Inu sits as the third-largest crypto asset by dollar value on Robinhood's platform. As of press time, Shiba Inu's trading value is at $0.00000953. Robinhood's latest addition of SHIB tokens might be an indication of potential whale accumulation of Shiba Inu. Judging by their investment maneuvers, it appears that Robinhood holds a bullish perspective towards SHIB.

On-Chain Data and Whale Activity

On-chain data sourced from IntoTheBlock corroborates the narrative of a significant surge in whale activity in the Shiba Inu market. Specifically, a 1,542% spike in large holders has been observed. Given the relatively low price of SHIB, whales and exchanges such as Robinhood are capitalising on the opportunity for potential gains ahead of a potential bull run.

Anticipated Surge in Shiba Inu's Value

For investors and followers keen on tracking Shiba Inu's short-term price fluctuations, Changelly predicts SHIB's value to surge to a high of $0.00001018. This expected spike is forecasted to occur on January 17th, with an accompanying significant 5% increase in value.

Edited by Jonathan Stoker