Shiba

Million

Read

Shiba Inu

Trillion

<ul>
 <li>$75 million worth of Shiba Inu tokens transferred to Robinhood by an anonymous whale.</li>
 <li>Over 1.5 trillion SHIB tokens transacted by meme coin whales across major exchanges.</li>
 <li>SHIB experiences a 12.26% surge in value within 24 hours, with significant burn metrics increase.</li>
</ul>
<p>Prominent blockchain tracker Whale Alert disclosed a startling $75 million transfer of Shiba Inu meme coins to the well-known investment site <a href="https://robinhood.com/" target="_blank" rel="noopener noreferrer nofollow">Robinhood</a>. This move, orchestrated by an anonymous wallet owner, coincides with a significant increase in the value of SHIB, the second most popular meme cryptocurrency.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 3,000,000,000,000 <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SHIB</a> (74,788,500 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Robinhood?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Robinhood</a><a href="https://t.co/YPK3w7Mceb" rel="noopener noreferrer nofollow">https://t.co/YPK3w7Mceb</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1790924440932405649?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 16, 2024</a>
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<p>Whale Alert reports that the anonymous whale sent Robinhood a staggering 3 trillion Shiba Inu tokens, suggesting a significant <a href="https://cryptonewsland.com/shiba-inu-breaks-out-of-descending-triangle-signals-potential-bullish-run/" target="_blank" rel="noopener noreferrer nofollow">change in the dynamics</a> of the market. This week was also a busy one for SHIB whales, who moved huge amounts of money across several trading platforms.</p>
<p>One such event happened on May 15 when the biggest US-based cryptocurrency exchange, Coinbase, received 144 billion SHIB tokens from <a href="https://www.youtube.com/watch?v=W7kr56BaUik" target="_blank" rel="noopener noreferrer nofollow">Cumberland</a>, a large cryptocurrency trading company. The concurrent arrival of 50.36 billion Shiba Inu tokens to OKX increased the current market activity even more.</p>
<p>Furthermore, in less than a day, meme coin whales transacted over 1.5 trillion Shiba Inu tokens, mainly focusing on top cryptocurrency trading sites like Binance, Coinbase, and Gate.io. Remarkably, an anonymous wallet also sent 200 million DOGE to Robinhood, underscoring the diversification of meme coin investments.</p>
<p><a href="https://cryptonewsland.com/shibarium-transactions-surge-sparking-shiba-inu-ecosystem-tokens-rally/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu’s bullish breakout</a> has captivated market observers, with a remarkable 12.26% increase in the last 24 hours alone. This increase highlights the SHIB token’s increasing momentum. In addition, the <a href="https://www.shibburn.com/" target="_blank" rel="noopener noreferrer nofollow">Shibburn</a> meme coin explorer shows a notable increase in SHIB burn metrics, with the community dumping over 10 million tokens in the last 24 hours. With this combined effort, the SHIB burn metric has increased by an astounding 306.7%, indicating a shared dedication to lower token supply.</p>
<p>Finally, the recent surge of activity inside the Shiba Inu ecosystem, marked by significant token transfers, market spikes, and rising burn metrics, illustrates the changing dynamics of the meme coin market. The implications for SHIB’s future course are still highly sought after by the cryptocurrency community as market players work through these changes.&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/robinhood-launches-mobile-payments-app-robinhood-wallet/" rel="noopener noreferrer nofollow">Robinhood Launches Mobile Payments App Robinhood Wallet</a></li>
 <li><a href="https://cryptonewsland.com/anonymous-whale-wallet-amasses-1-75-trillion-shib-on-robinhood/" rel="noopener noreferrer nofollow">Anonymous Whale&nbsp; Wallet Amasses 1.75 Trillion SHIB on Robinhood</a></li>
 <li><a href="https://cryptonewsland.com/robinhood-to-sack-300-employees-despite-job-listing/" rel="noopener noreferrer nofollow">Robinhood To Sack 300 Employees Despite Job Listing</a></li>
 <li><a href="https://cryptonewsland.com/robinhood-expands-in-europe-with-solana-staking-and-customer-bonuses/" rel="noopener noreferrer nofollow">Robinhood Expands in Europe with Solana Staking and Customer Bonuses</a></li>
 <li><a href="https://cryptonewsland.com/metamask-and-blockaid-join-forces-to-bring-privacy-first-alerts-for-users/" rel="noopener noreferrer nofollow">MetaMask and Blockaid Join Forces to Bring Privacy-First Alerts for Users</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/shiba-inu-whale-alert-75-million-shib-move-to-robinhood-sparks-market-surge-shib-price-up-by-12-26/" rel="noopener noreferrer nofollow">Shiba Inu Whale Alert: $75 Million SHIB Move to Robinhood Sparks Market Surge, SHIB Price Up By 12.26%</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Shiba Inu Whale Alert: $75 Million SHIB Move to Robinhood Sparks Market Surge, SHIB Price Up By 12.26%

Crypto News Land

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