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Data shows a steep rise in Robinhood’s SHIB holdings, registering a 70.4% increase within 20 days. On August 10, the firm held around 20 trillion SHIB, equivalent to $197.40 million. In just Shiba Inu-focused ‘X’ user (formerly Twitter) “Lola” has shared that the Robinhood exchange holds around 20 trillion SHIB tokens. Data from the crypto analytics platform According to data by analytics platform Arkhaim, Robinhood holds a whopping 20 trillion Shiba Inu meme coins in its wallet, among other cryptocurrencies that its Remarkably, just 35 days prior, Robinhood held a mere 20 trillion SHIB tokens, equivalent to around $197.40 million. This surge represents a 74.8% growth in the platform’s Shiba Inu Robinhood, the exchange backed by some of the biggest financial institutions, including BlackRock and Vanguard Group, holds around 20 trillion SHIB tokens. SHIBA INU (SHIB) is Shiba Inu-focused ‘X’ user (formerly Twitter) “Lola” has shared that the Robinhood exchange holds around 20 trillion SHIB tokens. Data from the crypto analytics

Shiba Inu BlackRock Backed Robinhood Holds 20 Trillion SHIB: What's Driving the Surge?

Is Robinhood, the exchange backed by some of the biggest financial institutions, including BlackRock and Vanguard Group, secretly a SHIB whale? Data shows a steep rise in Robinhood’s SHIB holdings, registering a 70.4% increase within 20 days. The latest buzz in the SHIBA INU (SHIB) community revolves around the revelation that Robinhood holds a massive amount of the meme coin.

Robinhood's Mammoth SHIB Holdings: 20 Trillion Tokens and Counting

Shiba Inu-focused ‘X’ user (formerly Twitter) “Lola” has shared that the Robinhood exchange holds around 20 trillion SHIB tokens. According to data by analytics platform Arkhaim, Robinhood holds a whopping 20 trillion Shiba Inu meme coins in its wallet, among other cryptocurrencies. On August 10, the firm held around 20 trillion SHIB, equivalent to $197.40 million.

Rapid Growth: Robinhood's SHIB Acquisition Spree

The increase in Robinhood's SHIB holdings is significant. Remarkably, just 35 days prior, Robinhood held a mere 20 trillion SHIB tokens, equivalent to around $197.40 million. This surge represents a 74.8% growth in the platform’s Shiba Inu holdings. Shiba Inu-focused ‘X’ user (formerly Twitter) “Lola” has shared that the Robinhood exchange holds around 20 trillion SHIB tokens. Data from the crypto analytics platform gives further credence to these reports.

What Does This Mean for SHIB?

While speculation is rampant, the reason for Robinhood accumulating such a large SHIB position remains unclear. Some suggest it could be related to potential features or services Robinhood might be planning involving Shiba Inu. Others believe it might simply be a strategic investment.

Regardless of the reason, the fact that a major exchange like Robinhood, with BlackRock backing, holds 20 trillion SHIB is a notable event for the Shiba Inu community. Keep checking back for updates on Robinhood's SHIB holdings and the impact on the market.

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