Robinhood Buying Trillions of Shiba Inu Tokens After Listing?

Vinod Dsouza
shiba inu robinhood
Source: Pixabay

A mysterious and suspicious Ethereum whale emerged right after Robinhood listed Shiba Inu. The wallet is buying trillions of SHIB tokens worth millions of dollars at every given transaction. The new whale named “BlueWhale0073” is now the fifth-biggest ETH whale on WhaleStats.

The whale in question first came alive on April 5, 2022, which is a week before Robinhood listed Shiba Inu. Right after the listing on April 12, “BlueWhale0073” purchased SHIB tokens six different times worth $136 million. The whale also transferred SHIB tokens to a different ‘private wallet’ address from the Binance exchange which is untraceable.

Mysterious Shiba Inu whale wallet

Read More: Mysterious User ‘Burns’ 1 Billion Shiba Inu in a Single Transaction

Today again, “BlueWhale0073” purchased yet another bag of SHIB with 219 billion tokens worth a staggering $5.5 million. Previously (the last 5 transactions) “BlueWhale0073” accumulated 5.4 trillion Shiba Inu tokens worth a mind-blowing $136 million.

Note that the millions worth of transactions took place in just a week’s time post-Robinhood listing. Also, out of the 5.4 trillion tokens, the whale transferred 1.4 trillion SHIB worth $36.37 million to a private wallet address, which cannot be tracked. You can read more information on “BlueWhale0073” transactions here.

suspicious shiba inu whale

The identity of the whale remains to be a mystery and the timing coincides with Robinhood listing SHIB. This has made investors wonder if Robinhood is buying trillions of SHIB tokens.

Even SHIB influencer Gossip Shib tweeted the transaction and said, “ETH whale “BlueWhale0073″ just bought 219,332,229,787 SHIB ($5,454,792 USD). Just now – Isn’t it Robinhood?”

However, while the timing coincides, it is not confirmed that Robinhood is buying trillions of Shiba Inu tokens. The identity of the whale is not known and might never be brought to light. There is no confirmation that Robinhood is purchasing Shiba Inu tokens either.

Read More: 2 Reasons why Ethereum Whales Are Still Buying Shiba Inu

Robinhood Listing Shiba Inu

The SHIB community banded together and kickstarted a storm last year asking Robinhood to list the token on its platform. The community blew up every single tweet from the platform commenting on the iconic phrase “When SHIB?”

Their continued efforts paid off and the leading exchange-listed SHIB on April 12, 2022, allowing its 22.8 million users to access the token.

Read More: Jack Dorsey Replies to Robinhood’s Tweet on Shiba Inu Listing

Right after the listing, SHIB spiked +35% but dipped the very next day. The token has been trading in red for close to a week now. However, SHIB is up today as the entire market is trading in green.

At press time, Shiba Inu was trading at $0.00002413 and is up +5.7% in the 24-hours day trade.