Crypto Whale Devours Trillions of Shiba Inu from Robinhood

In the cryptocurrency sector, important events often have far-reaching effects on the entire market. Recently, such events have received widespread attention. A giant whale lurking in the depths of the digital ocean has executed a monumental acquisition of the Shiba Inu token from Robinhood, a prominent American trading platform.

The story unfolds against the backdrop of the Shiba Inu, a representative meme coin. Examining April’s price trajectory reveals a bumpy road. Starting at around $0.000028, the asset recorded a decline of over 6.8%.

Thus, by the end of the month, SHIB’s value had further fallen to approximately $0.0000022, representing a decline of over 7%. At the time of writing, Meme Coin was trading at $0.0000022, up another 5%.


Also read: Shiba Inu: Machine learning AI predicts SHIB price on May 5th

Whale making a big splash

In the midst of this instability, an unidentified whale cloaked in anonymity began to accumulate abnormally. Market tracking site Whale Alert has revealed that a large amount of Shiba Inu tokens have been leaked from Robinhood, one of the major exchanges in the United States.

On May 1st, 875 billion Shiba Inu tokens worth over $19.67 million were transferred from Robinhood to a private wallet. At the same time, the same amount of SHIB rapidly leaked to other destinations.

Shiba Inu with a pile of moneyShiba Inu with a pile of money
Image source: Watcher Guru

Also read: Shiba Inu: SHIB doubled investors’ money in one year

Notably, both sets of tokens were found infiltrating the same anonymous wallet, identified only by its Ethereum address “0x73af3bcf.” These wallets served as a sanctuary for the mysterious whale, from Robinhood he organized massive withdrawals worth an astonishing 1.75 trillion SHIB.

Currently, more than 5.88 trillion Shiba Inu tokens are stored in Whale’s wallet. This is worth a whopping $128,072,631. However, the recent withdrawal of 1.75 trillion SHIB tokens from Robinhood is not an isolated incident, but rather part of a larger pattern. In the past 30 days, Whale has organized trades of his SHIB tokens totaling 8.7 trillion.

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