When the wish of a huge SHIB army was fulfilled, and Shiba Inu ($SHIB) got listed on the Robinhood platform, a SHIB whale that was initially hesitant has now acquired over 5.4 trillion tokens.
The data from WhaleStats, a whale monitoring service, shows that Whale is now the owner of more than 5.4 trillion SHIB after the addition of 177 billion earlier this week. There are only four cryptocurrencies in the portfolio of Whale, identified as “BlueWhale007,” with SHIB representing the majority of its holdings.
It seems like “BlueWhale0073”, the fifth-largest ETH wallet is funding “BlueWhale007”, as per the data from the blockchain. The meme-inspired cryptocurrency was accumulated by the wallet.
BlueWhale007 has more than $150 million in assets with only four tokens on its wallet. Out of those assets, $136 million are in SHIB, while $12.4 million are in Polygon($MATIC). Another $5.5 million are in the native token of the decentralized money market, Compound ($COMP). In addition, 1,500 worth of Ethereum $ETH is the last holdings of the Whale.
Shortly after the listing of SHIB, BlueWhale007 started collecting the meme token. A petition demanding the listing of meme-inspired cryptocurrency crossed half a million signatures while the SHIBArmy tries to improve the liquidity of SHIB.
The Shiba Inu community was delighted by the listing on Robinhood. However, it didn’t trigger long-term holders to divest their holdings as there was an increase of 57% in accounts of the addresses holding SHIB for more than a year, as per the data from IntoTheBlock.
Recently, “kaaldhairya”, a Shiba Inu developer, also gave an update regarding his current project for SHIB, at the same time pointing out the decentralized exchange of the project is getting “new ways to earn,” enabling users to earn rewards through its upcoming burn portal.
It is also important to note that Shibarium, a layer two network, is built on the Ethereum blockchain to support the Shiba Inu ecosystem. The network will enable “rapid, low-cost transactions optimized for gaming.”
The developer also talked about SHI, the stablecoin of the project, stating that it’s in the development stage. At last, the developer urged the cryptocurrency community to vote on their favorite collateral for it.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2022/04/23/post-robinhood-listing-shib-whale-acquires-5-4-trillion-shib/