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The Shiba Inu itemizing on Robinhood has been one which has been within the works for some time. Though the buying and selling platform had not mentioned a lot relating to itemizing the meme coin, it was fairly obvious that one thing would ultimately give seeing the huge assist that poured out for the itemizing on social media. Lately, Robinhood introduced that it was itemizing the meme coin for buying and selling on the platform and following this have been a number of optimistic actions almost about Shiba Inu.
Ethereum Whales Deepen Wager
Ethereum whales have at all times been among the many high supporters of Shiba Inu. They’ve invested within the digital asset in droves, though the downtrend after it hit its all-time excessive final yr affected how a lot of the tokens have been held by these whales. Nonetheless, the saying goes that there’s at all times a lightweight on the finish of the tunnel, and on the finish of that proverbial tunnel is the Robinhood itemizing, which has sparked renewed curiosity within the digital property.
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These whales have continued to extend their Shiba Inu baggage with this new itemizing. Most notable have been the purchases of the Ethereum whale often known as “BlueWhale0073”. BlueWhale0073 is the twelfth largest ETH whale and had bought 775,473,150,952 SHIB for a complete of $20,697,378.
Following in the identical tracks was one other ETH whale often known as “Bombur.” Bombur is ranked because the twenty first largest ETH whale by WhaleStats and on Wednesday, the whale purchased 79,228,162,513 SHIB, which got here out to a greenback worth of $2,171,643 on the time of buy. The whale didn’t cease there as that they had subsequently bought one other 58,942,040,942 SHIB for $1,615,601. This had considerably pushed up the full SHIB holdings of those whales.
With these current purchases and others which have adopted the Robinhood itemizing, SHIB is now the largest place by greenback worth among the many high 100 Ethereum. It has now surpassed rival FTX Token by greater than $3 billion by way of worth held by these whales. They now maintain a collective 533,607,836,476 SHIB tokens amongst them.
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How Shiba Inu Is Faring On The Charts
The meme coin Shiba Inu has not fared badly out there in any respect. Fairly the alternative in reality. The information of Robinhood saying the itemizing of the digital asset had introduced some much-needed momentum for the asset. This noticed it rally greater than 30% off the information alone.
SHIB recovers 30% on Robinhood information | Supply: SHIBUSD on TradingView.com
Its worth had touched as excessive as $0.00003, marking a brand new two-month excessive for the digital asset. The meme coin stays a good distance from its all-time excessive however continues to carry up properly out there, buying and selling at $0.00002743 on the time of this writing.
Featured picture from Analystics Perception, chart from TradingView.com
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