Shiba Inu: Ethereum Whale Makes Massive Shib Purchase After Robinhood

Sahana Kiran
Source – Watcher Guru

Within the constantly evolving cryptocurrency sphere, an Ethereum whale identified by the wallet address “0xfb2” has reemerged after a prolonged period of dormancy to undertake a substantial investment in the Shiba Inu (SHIB) cryptocurrency. According to data from Etherscan, the enigmatic investor conducted a series of purchases. The whale acquired an astounding 606.36 billion SHIB in the past 24 hours. This translates to a noteworthy investment of $5.80 million.

Shiba Inu Portfolio Soars

This abrupt surge in buying activity has elevated the Ethereum whale to the pinnacle of the SHIB token buyers’ list for the specified period. Presently, the investor’s cryptocurrency portfolio showcases an impressive 733.21 billion SHIB. This is valued at $6.97 million, with SHIB now standing as the second-largest holding in the portfolio, surpassed only by Ethereum.

The Ethereum whale’s dedication to SHIB traces back to two years ago when it initially procured nearly 200 billion tokens. This recent resurgence in SHIB holdings introduces a captivating aspect to the dynamic crypto market. It seizes the attention of both SHIB enthusiasts and traders.

Also Read: Shiba Inu [SHIB] Forecasted To Rise 400%: Here’s When

Robinhood’s Growing SHIB Stash

Concurrently, information from Arkham Intelligence indicates a parallel development, revealing that Robinhood, the prominent stock brokerage giant, has expanded its SHIB holdings. Recent data illustrates a substantial growth in Robinhood’s SHIB reserves, escalating from approximately 35 million SHIB to an impressive 36.454 trillion SHIB within the last 24 hours.

With major players such as the mysterious Ethereum whale and Robinhood displaying renewed interest in Shiba Inu, the cryptocurrency community is eagerly awaiting the repercussions of these developments on the Shiba Inu token in the upcoming days. The heightened attention and investments from influential entities underscore the dynamic and ever-changing nature of the cryptocurrency market.

Also Read: Robinhood Buys 230 Billion Shiba Inu in Less Than 24 Hours