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Wednesday, June 12, 2024
HomeCryptoShiba Inu: Robinhood & Coinbase Move 9.6 Trillion Tokens

Shiba Inu: Robinhood & Coinbase Move 9.6 Trillion Tokens

Robinhood started by transferring a notable 600 billion SHIB tokens to an undisclosed wallet. This amount is worth 13.7 million USD. This transaction was brought to light by Whale Alert. While it was considered an outflow from the exchange, it was later noted that it was an internal fund shuffled by Robinhood. Furthermore, the unknown recipient’s wallet was none other than Robinhood.

On the other hand, Coinbase made several transactions related to the Shiba Inu during the same time frame. The largest of these transactions saw SHIB 5.55 trillion inflow into the Coinbase hot wallet.

This amount is worth about 126.6 million USD. This is not all. An additional 417 billion and 468 billion SHIB were transferred through 8 transactions. These transfers are made to many different wallets. One of them is labeled “Coinbase 10.” This wallet currently owns a fairly large amount of SHIB.

Shiba Inu price struggle

Amid these movements, SHIB has struggled to maintain its position above $0.000025. This is an important resistance level for the meme coin. At the time of writing, the Shiba Inu is trading at $0.00002227 with a slight daily decrease. However, the asset’s bearish days may be over.

Analysts like Mags maintain an optimistic view on SHIB’s future. The expert further predicts that its price will likely rise to a new all-time high of $0.00014 in September. Mags is consistent with the actions of whales continuing to accumulate significant amounts of SHIB .

Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.
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