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Shiba Inu Surges Over 20% Following Robinhood Listing; As Two ETH Whales Grab 393 Billion SHIB

The much-anticipated development in the Shiba Inu community has finally played out. Robinhood, the popular investing app has officially announced the listing of the hottest dog-themed token SHIB. It’s also worth noting that two significant Ethereum whales bought a total of 393 billion SHIB a few hours before the announcement as if they had known about the positive news earlier.

Read Also: 1.4 Billion SHIB Burned in 24 hours as Shiba Inu Burn Rate Surges Over 26,000% within a Day

Since the new development was made public, the price of the SHIB token has been on a notable increase. According to CoinMarketCap, the price of the cryptocurrency surged by over 20% following the positive news.

Shiba Inu Surges Over 20% Following Robinhood Listing; As Two ETH Whales Grabs 393 Billion SHIB
Source: CoinMarketCap

This implies that Shiba Inu (SHIB) has recovered a part of its losses despite the fact that the crypto market led by Bitcoin (BTC) is still bleeding. The digital token has managed to rise to an intraday high of $0.0000284.

The price of the SHIB is up 26.39% on its daily chart as seen on the FTX exchange, after rebounding from lows of $0.0000219. Before the historic listing, the canine token had been the most-requested crypto among Robinhood users.

Read Also: Bitcoin of America Incorporates Shiba Inu (SHIB) into Its Over 1,800 ATMs across 31 States in the U.S.

Two ETH Whales Bought 393 Billion SHIB before the Robinhood Listing News

Before the Robinhood listing announcement, the largest Ethereum whale, known as “Lightpurchased a whopping 331,907,311,956 SHIB. While another known whale “Bombur” purchased 61,337,707,111 SHIB tokens. So, in the last 24 hours, over 392 billion SHIB have been grabbed by the top ETH whales, as blockchain data tracker WhaleStats reports three large SHIB transactions.

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Light purchased the whopping tokens in two transactions. The Ethereum whale’s first transaction carried 44,551,383,862 SHIB worth $1,019,781, while the second carried 287,355,928,094 SHIB $6,577,577 at the time of purchase.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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