In a recent social media post, Lola, a prominent advocate for Shiba Inu (SHIB), unveiled an intriguing statistic: the amount of SHIB held by Robinhood, a leading U.S.-based crypto trading platform, has surged by nearly 28% since her previous update last year. This significant increase, from 34 trillion SHIB to an impressive 47.25 trillion, valued at approximately $680 million, indicates a growing confidence in the Shiba Inu ecosystem that contradicts rumors of its decline.
The Numbers Speak – SHIB Accumulation On Robinhood
According to data from Arkham Intelligence, Robinhood’s stash of SHIB has now made it the third-largest cryptocurrency holding on the platform, trailing only behind Bitcoin (BTC) and Ethereum (ETH). Robinhood currently holds 143,254 BTC, worth about $9.08 billion, and 1.55 million ETH valued at approximately $4.11 billion. Additionally, the exchange’s crypto asset portfolio is valued at a staggering $14.4 billion, with other notable holdings including Avalanche (AVAX) and USDC.
Lola’s insights suggest that the influx of investment into SHIB not only defies bearish market predictions but also signals a robust shift in investor sentiment. As she asserted, “the flow of money is coming to SHIB,” painting a bullish picture for the token’s future.
Expanding Ecosystem – Wallet Growth and Market Sentiment
Further bolstering Lola’s claims, the number of wallets holding SHIB has increased from 1.3 million to 1.4 million, adding 100,000 new users without any promotional airdrops. This statistic, corroborated by Etherscan, highlights a vibrant community rallying around the Shiba Inu ecosystem. Currently, there are 1,408,313 unique addresses holding SHIB, underscoring its appeal and increasing adoption.
Despite the promising signs, SHIB’s price remains below the crucial resistance level of $0.000015, trading at $0.00001455 at the time of writing. Market analyst Charting Guy remains optimistic, predicting that SHIB could reach $0.00008841, a significant leap that could reinvigorate the community and attract more investors.
Also Read: Shiba Inu Eyes 11% Surge – Will SHIB Break Through $0.000020 Amid Bullish Momentum?
A Bright Future for SHIB?
Lola’s recent revelations about SHIB’s growing traction on Robinhood paint a hopeful picture for the meme-based cryptocurrency. With substantial accumulation by a major trading platform and an expanding user base, the Shiba Inu ecosystem appears to be on the upswing. As the crypto market evolves, SHIB’s potential for growth cannot be underestimated, making it a token to watch in the coming months.
In a landscape often fraught with speculation, the hard data suggests that Shiba Inu is far from fading away. Instead, it seems poised for a resurgence, attracting a new wave of investors eager to ride the next wave of cryptocurrency momentum.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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