Ethereum

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Shiba Inu

Trillion

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Robinhood, a prominent U.S. financial market broker, has seen a notable increase in its&nbsp;<a href="https://u.today/shiba-inu-and-dogecoin-among-currencies-now-supported-by-arculus-digital-security-platform" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> reserves, growing by 1.25 trillion tokens by the end of August. Data provided by&nbsp;<a href="https://platform.arkhamintelligence.com/explorer/entity/robinhood" rel="noopener noreferrer nofollow">Arkham Intelligence</a> indicates that between Aug. 1 and Sept. 1, Robinhood's SHIB holdings rose from 32.85 trillion Shiba Inu tokens to 34.1 trillion tokens. 
Currently, SHIB ranks as the third largest asset in Robinhood's crypto wallet, with an approximate value of $272.38 million, accounting for 4.26% of the broker's overall crypto asset portfolio. The top two positions continue to be held by&nbsp;<a href="https://u.today/bitcoin-btc-september-move-foreshadowed-by-this-historical-trend" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> and Ethereum (ETH), constituting a combined 94.2% of the portfolio. 
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="65ea852d-c3ee-41ff-8b7e-385ca031141c" src="https://u.today/sites/default/files/inline-images/robinho.png">Source: <a href="https://platform.arkhamintelligence.com/explorer/entity/robinhood" rel="noopener noreferrer nofollow">Arkham</a> 
Growth in Robinhood's SHIB holdings in August is attributed to the release of Shibarium, a Layer 2 solution by&nbsp;<a href="https://u.today/shiba-inu-shib-bulls-getting-hang-of-market-data-shows" rel="noopener noreferrer nofollow">Shiba Inu</a>. Initially, there was uncertainty surrounding the project's launch date, but it successfully went live in the middle of August, although it encountered brief scalability challenges. A collaborative effort between Shiba Inu and Polygon resolved these issues, leading to Shibarium's successful relaunch earlier this week. 
Interestingly, since the&nbsp;<a href="https://u.today/shibarium-enters-september-with-optimism-here-are-figures" rel="noopener noreferrer nofollow">Shibarium</a> relaunch, Robinhood's SHIB holdings have decreased by 66.47 billion tokens, adding a unique dimension to SHIB's recent developments. 
The growth in SHIB holdings on&nbsp;<a href="https://u.today/dogecoin-and-bitcoin-get-boost-from-robinhood" rel="noopener noreferrer nofollow">Robinhood</a>, driven by the Shibarium launch, highlights the cryptocurrency's continued relevance and adaptability in the evolving digital economy.

Shibarium News Boosts Robinhood's Shiba Inu Bag by 1.3 Trillion SHIB

U_Today

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