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<p><strong>Robinhood, the trading platform synonymous with democratizing finance for the masses, has invested in the Shiba Inu token ($SHIB). The platform now </strong><a href="https://twitter.com/0xReflection/status/1698010395947180486?s=20" target="_blank" rel="nofollow"><strong>owns </strong></a><strong>an eye-popping $110 million worth of $SHIB, accounting for 3.42% of the token’s total supply. This isn’t just a casual fling; it’s a full-blown commitment.</strong></p> 
<p>For those unfamiliar, Shiba Inu ($SHIB) is a meme cryptocurrency that has gained immense popularity, often compared to Dogecoin. Robinhood’s investment indicates that the <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank">meme</a> season—where meme coins gain significant attention and value—is far from over.</p> 
<p>The company’s holdings are strategically divided between two sub-wallets. The first wallet <a href="https://twitter.com/0xReflection/status/1698010594497229291?s=20" target="_blank" rel="nofollow">holds </a>7.51 trillion $SHIB tokens with an average coin price of $0.000013, amounting to an equity of approximately $59.4 million. The second wallet is just a little behind,<a href="https://twitter.com/0xReflection/status/1698010716995985444?s=20" target="_blank" rel="nofollow"> holding</a> 6.7 trillion $SHIB tokens and an equity of around $53.1 million. Special acknowledgment goes to @ArkhamIntel for their investigative prowess in uncovering five distinct wallets owned by Robinhood.</p> 
<h2 class="wp-block-heading" id="strong-diversifying-with-link-and-comp-a-mixed-bag-strong"><strong>Diversifying with LINK and COMP: A Mixed Bag</strong></h2> 
<p>Robinhood is putting only some of its eggs in one basket. The trading giant started <a href="https://twitter.com/0xReflection/status/1698010791776325801?s=20" target="_blank" rel="nofollow">accumulating</a> Chainlink ($LINK) this summer. For the uninitiated, Chainlink is a decentralized oracle network that aims to connect smart contracts with real-world data. The average coin price for Robinhood’s $LINK assets is $6.83, with a total profit and loss (PNL) of +$774,062. The current valuation of these assets is around $9 million, making it a noteworthy part of Robinhood’s crypto portfolio.</p> 
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<p>However, not all is rosy. The majority of Robinhood’s portfolio is occupied by Compound ($COMP), a token associated with a decentralized finance (DeFi) lending protocol. Robinhood has been accumulating this “antique” for over a year, but is currently in the red. With an average coin price of $50.84, the total equity is $13.1 million, but the total PNL is disappointing −$592,296.</p> 
<p>Robinhood’s crypto investments reveal a calculated yet daring approach. By taking a massive position in $SHIB, the platform is betting on the meme season’s potential for high returns. At the same time, its diversification into $LINK and $COMP shows a balanced strategy aimed at both short-term gains and long-term value.</p> 
<p>In a market as volatile as cryptocurrency, Robinhood’s moves are nothing short of audacious. Whether this will pay off in dividends or serve as a cautionary tale remains to be seen. But one thing is clear: Robinhood is not just playing the game; it’s aiming to redefine it.</p> 
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<p>The post <a rel="nofollow" href="https://captainaltcoin.com/robinhood-bets-big-on-meme-coins-holds-over-110m-in-shiba-inu-heres-their-portfolio/">Robinhood Bets Big on Meme Coins, Holds Over $110M in Shiba Inu Here’s Their Portfolio</a> appeared first on <a rel="nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Robinhood Bets Big on Meme Coins, Holds Over $110M in Shiba Inu Here’s Their Portfolio

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