Recently, there’s been a large transaction of around three trillion Shiba Inu tokens (SHIB) worth about $79.497 million on the crypto market. This transfer has drawn attention and sparked curiosity about its potential meaning. The details of this significant transaction were made known through a report by Whale Alert, a platform dedicated to monitoring major cryptocurrency transfers.
The report does not reveal which wallets were used for the transaction, keeping the identities of the involved parties hidden. Yet, Robinhood, a well-known American brokerage company, has come to light in this mystery.
According to data from Etherscan, it was discovered that one of the recipients’ addresses was linked to Robinhood. This finding suggests that Robinhood may have played a role in this cryptic transaction.
Although there were earlier suspicions of mysterious whales influencing the SHIB market through a transfer, investigations by Arkham revealed that this was simply an internal transaction between two Robinhood wallets. The funds moved from “0x73AF” to “0x2eFB.”
Previously holding approximately 4.13 trillion SHIB tokens, worth around $122.51 million, saw those tokens moved to another entity, increasing its own SHIB holdings to a substantial 6.179 trillion tokens, equivalent to a value of about $167.87 million.
Robinhood’s large SHIB transfer has sparked curiosity in the cryptocurrency world, as people wonder why they made this move. The implications of such transactions for Robinhood’s platform and the wider market are under discussion. Additionally, this transfer revealed that these wallets hold around a billion dollars worth of crypto assets.
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2024-04-24 12:41