Pepe Coin

Shiba Inu

Trillion

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 <p>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 ArkhamIntelligence also confirmed Robinhood’s Shiba Inu (SHIB) holdings. As per Akrham’s data, the value of the 20 trillion SHIB tokens is $197.4 million.</p> 
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  <img decoding="async" width="1024" height="558" src="https://cdn.thebittimes.com/images/2023/08/10/1960614df1cc0febede6055d5a4a8a46.webp" alt="" class="wp-image-106437" srcset="https://cdn.thebittimes.com/images/2023/08/10/1960614df1cc0febede6055d5a4a8a46.webp 1024w, https://cdn.thebittimes.com/images/2023/08/10/1960614df1cc0febede6055d5a4a8a46.webp 300w, https://cdn.thebittimes.com/images/2023/08/10/1960614df1cc0febede6055d5a4a8a46.webp 768w, https://cdn.thebittimes.com/images/2023/08/10/1960614df1cc0febede6055d5a4a8a46.webp 380w, https://cdn.thebittimes.com/images/2023/08/10/1960614df1cc0febede6055d5a4a8a46.webp 550w, https://cdn.thebittimes.com/images/2023/08/10/1960614df1cc0febede6055d5a4a8a46.webp 800w, https://cdn.thebittimes.com/images/2023/08/10/1960614df1cc0febede6055d5a4a8a46.webp 1160w, https://cdn.thebittimes.com/images/2023/08/10/1960614df1cc0febede6055d5a4a8a46.webp 1416w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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 <p>She shed light on the fact that Robinhood is <a rel="noopener noreferrer nofollow" title="backed" href="https://thebittimes.com/tag/backed.html">backed</a> by some of the biggest financial institutions. BlackRock Fund Advisors owns 2.71% of the exchange. The Vanguard Group, Inc., which is also one of the largest asset managers in the world, holds the highest percentage (7.05%). Others include ARK Investment Management LLC, and Nikko Asset Management Co., Ltd., among others.</p> 
 <p><strong>Also read: Shiba Inu Developer Unveils 3 New Partnerships: Price Spikes 19%</strong></p> 
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 <p>According to “Lola,” the next <strong>“bull run is going to be sooooo Euphoric.”</strong></p> 
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    <p lang="en" dir="ltr">Robinhood got 20 Trillion #SHIB<br>Why oh Why oh Why 👀<br><br>and these are the major stockholders of Robinhood who agreed to purchase 20 Trillion Shiba INU 👇 The bullrun is going to be sooooo Euphoric #SHIBARMY 😍😍😍 #SummerOfShibarium #SHIBARMYSTRONG #Shibarium pic.twitter.com/AGI46VA1Cl</p>— Lola (@CryptoLollla) August 10, 2023 
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 <h3 class="wp-block-heading" id="h-what-do-robinhood-s-shiba-inu-holdings-tell-us">What do Robinhood’s Shiba Inu holdings tell us?</h3> 
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  <img decoding="async" width="1024" height="729" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="shiba inu shib" class="wp-image-102506 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp.webp 300w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp.webp 768w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp.webp 1536w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp.webp 380w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp.webp 550w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp.webp 800w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp.webp 1920w" data-srcset-img="https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp 1024w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp 300w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp 768w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp 1536w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp 380w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp 550w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp 800w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp 1160w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp 1920w" data-eio="j"> 
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   <img decoding="async" width="1024" height="729" src="https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp" alt="shiba inu shib" class="wp-image-102506" srcset="https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp 1024w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp 300w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp 768w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp 1536w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp 380w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp 550w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp 800w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp 1160w, https://cdn.thebittimes.com/images/2023/08/10/3ccbc94a506d900d76f72898c7348792.webp 1920w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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 <p>Robinhood is <a rel="noopener noreferrer nofollow" title="backed" href="https://thebittimes.com/tag/backed.html">backed</a> by some of the largest asset managers in the world. Therefore, their holding of $197 million worth of an asset could mean that the backers are confident about SHIB. Shiba Inu (SHIB) is currently the second-largest holding by Robinhood, following Ethereum (ETH). The exchange holds a whopping 1.49 million ETH, worth over $2 billion.</p> 
 <p><strong>Also read: Pepe Coin May Rise 2137% by 2025, But Will it Rival SHIB, DOGE?</strong></p> 
 <p>However, the large SHIB holdings could also mean that a large number of users are holding SHIB tokens. In order to maintain liquidity, the exchange has enough SHIB to cover user funds. Nonetheless, the large amount of Shiba Inu (SHIB) in Robinhood’s coffers is a testament to the token’s popularity. SHIB has managed to take the crypto world by storm in just three years of existence. Very few projects have been able to boast the popularity of SHIB.</p> 
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Shiba Inu: BlackRock-backed Robinhood Holds 20 Trillion SHIB

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TheBitTimes

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