Shiba Inu

<ul><li>Robinhood significantly increased its Shiba Inu holdings by 800 billion tokens, marking a 2.58% rise from its previous position.</li><li>The trading platform&#39;s decision comes amid a downturn in SHIB&#39;s market value.</li><li>SHIB has been trading in a bullish mood in the last 24 hours.</li></ul>Robinhood, the U.S.-based trading behemoth, is making waves again by significantly boosting its Shiba Inu (SHIB) holdings by a staggering 800 billion tokens. This move comes even as SHIB trades in the red zone, painting a complex picture of risk and opportunity. On Aug 31, Arkham Intelligence<a href="https://x.com/ArkhamIntel/status/1696931898117800322?s&#61;20" rel="noopener noreferrer nofollow"> </a><a href="https://platform.arkhamintelligence.com/explorer/token/shiba-inu" rel="noopener noreferrer nofollow">pinpointed</a> Robinhood as a major Ethereum holder and the custodian of 34.086 trillion SHIB tokens worth about $279.85 million.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/fff6c65a631346ae91e58cc6d347b4ee.png" />Between Aug 31 and Sept 13, the company&#39;s hot wallets saw a remarkable uptick of 877 billion SHIB tokens. Specifically, one of Robinhood&#39;s wallets alone<a href="https://x.com/ArkhamIntel/status/1696931898117800322?s&#61;20" rel="noopener noreferrer nofollow"> added </a>an eye-popping 579.7 billion SHIB to its coffers, pushing its total SHIB assets to 8.02 trillion tokens.Robinhood&#39;s new holding, after this addition, now sits at approximately 34.936 trillion SHIB, marking a 2.58% increase from its previous position. For Robinhood, the downturn in SHIB’s market price seems to be an opportunity rather than a setback. The platform&#39;s bold move to increase its SHIB holdings could signal its confidence in the token’s long-term potential. At the same time, it sets the stage for fascinating market dynamics in the days to come.Shiba Inu (SHIB) currently <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">trades</a> at $0.000007266 with a 24-hour trading volume of $79,742,545, marking a 0.42% increase in the last 24 hours. The memecoin holds the 16th rank on CoinMarketCap with a live market capitalization of $4,281,623,947. The trading volume of Shiba Inu has recorded a price decrease of 5.80%, indicating that a bearish trend might soon occur in the market.Read full article at<a href="https://cryptotale.org/shiba-inu-sees-bullish-signal-as-robinhood-increases-holdings/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Shiba Inu Sees Bullish Signal as Robinhood Increases Holdings

CryptoTale

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