Shiba

Robinhood

Shiba Inu

<p>Robinhood, a leading US-based brokerage platform known for offering commission-free trading of both stocks and cryptocurrencies, currently holds more than 39.27 trillion <a href="https://en.coin-turk.com/shiba-inu-holds-steady-while-market-awaits-a-major-move/" rel="noopener noreferrer nofollow">Shiba</a> Inu (SHIB) tokens in a wallet associated with the company.</p>
<h2 id="major-shib-holdings-revealed">Major SHIB holdings revealed</h2>
<p>Data from Etherscan confirms that as of now, a wallet labeled as Robinhood holds exactly 39,273,242,865,360.9000 SHIB. This amount accounts for 3.9274% of the total Shiba Inu supply and is valued at approximately $161.8 million. Despite the scale of Robinhood’s SHIB reserves, it is not the largest holder of the token.</p>
<p>A separate wallet, described as Shiba Inu’s burn address, now holds the overwhelming majority of SHIB in existence. The balance of this inaccessible wallet stands at 410,433,377,893,806 SHIB, representing 41.0441% of the supply and an estimated $1.69 billion in value.</p>
<p>Mini dictionary: Burn address, a cryptocurrency wallet with an unknown or irretrievable private key, making any tokens sent to it permanently inaccessible and thus effectively removed from circulation.</p>
<blockquote>
 <p>The burn address not only represents the largest single wallet, but also plays a central role in SHIB’s deflationary policy, turning vast amounts of tokens permanently inaccessible.</p>
</blockquote>
<p>This burn address received a massive deposit from <a href="https://en.coin-turk.com/ethereum-prices-rise-as-market-dynamics-shift/" rel="noopener noreferrer nofollow">Ethereum</a> co-founder Vitalik Buterin in May 2021. At that time, Buterin transferred over 410 trillion SHIB—worth $6.7 billion when sent—to the dead wallet, permanently removing these tokens from the market. Shiba Inu’s deflationary momentum continues, with 3.43 million SHIB destroyed over the last 24 hours.</p>
<h2 id="distribution-and-whale-activity">Distribution and whale activity</h2>
<p>Aside from these two holding concentrations, 58.06% of Shiba Inu’s circulating supply is spread among exchanges and private wallets. The bulk of these tokens are held by large registered exchanges on behalf of users, while individual investors own the remainder. Whale wallets account for just 0.04% of SHIB addresses.</p>
<table>
 <thead>
  <tr>
   <th>Wallet/Holder Type</th>
   <th>SHIB Held</th>
   <th>% of Total Supply</th>
   <th>Approximate Value</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>Burn Address</td>
   <td>410,433,377,893,806</td>
   <td>41.04%</td>
   <td>$1.69 billion</td>
  </tr>
  <tr>
   <td>Robinhood</td>
   <td>39,273,242,865,360.9</td>
   <td>3.93%</td>
   <td>$161.8 million</td>
  </tr>
  <tr>
   <td>All Other Holders/Exchanges</td>
   <td>Remaining supply</td>
   <td>58.06%</td>
   <td>Varies</td>
  </tr>
 </tbody>
</table>
<h2 id="etf-launch-and-price-action">ETF launch and price action</h2>
<p>In a further development for the Shiba Inu ecosystem, T. Rowe Price, a global asset management firm established in 1937, has introduced what it describes as the industry’s first actively managed multi-token spot crypto exchange-traded fund (ETF).</p>
<p>Known as the T. Rowe Price Active Crypto ETF (TKNZ), the vehicle started trading on Thursday. It offers investors exposure to a diversified portfolio of digital assets, including Shiba Inu among the holdings.</p>
<p>Mini dictionary: Exchange-traded fund (ETF), an investment fund that trades on stock exchanges, typically tracking a basket of assets; in the crypto context, an ETF allows investors to gain exposure to various cryptocurrencies through traditional brokerage accounts.</p>
<blockquote>
 <p>The T. Rowe Price Active Crypto ETF (TKNZ) now provides access to a basket of leading digital assets, marking another step in mainstream crypto adoption.</p>
</blockquote>
<p>At the latest reading, Shiba Inu traded at $0.00000413, reflecting a 0.71% drop over the last 24 hours. This decrease coincided with a wider crypto market pullback as a decline in Asian semiconductor stocks affected major digital assets. The overall cryptocurrency market remains in a consolidation phase, while the Fear and Greed Index sits at 31 points, lingering in what analysts consider fear territory.</p>
<p>The post <a href="https://en.coin-turk.com/robinhood-holds-39-27t-shiba-inu-as-t-rowe-price-launches-crypto-etf-with-shib/" rel="noopener noreferrer nofollow">Robinhood holds 39.27T Shiba Inu as T. Rowe Price launches crypto ETF with SHIB</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Robinhood holds 39.27T Shiba Inu as T. Rowe Price launches crypto ETF with SHIB

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