A Robinhood Wallet Holding 36.684 Trillion Shiba Inu Tokens
A community member of the Shiba Inu token recently brought to light information from Arkham Intelligence that the commission-free trading platform Robinhood currently has 36.684 trillion SHIB tokens in its wallet.
Robinhood Wallet Accumulates Shiba Inu Tokens
Data from Arkham Intelligence shows that in a single day, the trading platform’s Shiba Inu wallet added an additional 231 billion tokens, likely as investors on the platform are accumulating the meme-inspired cryptocurrency.
Whales and Shiba Inu Accumulation
Last week, a Shiba Inu whale sent a whopping 136.8 billion tokens to a newly created wallet. Also, according to Lookonchain data, a total of four whales have accumulated 2.39 trillion tokens from cryptocurrency exchanges in the past month, with one whale accumulating 1.44 trillion tokens in just three days.
Shiba Inu Wallets and Burn Rate
The burn rate of Shiba Inu has increased tremendously. The community burns tokens by moving them to dead addresses—addresses that no one controls—to reduce its available supply on the market and increase the possibility of a price rise with stronger demand.
Partnership to Acquire .shib Domains
The team behind Shiba Inu has partnered with domain firm D3 Global to allow users to acquire .shib domains. Shiba Inu is now one of the first decentralized projects to pursue a top-level domain via the Internet Corporation for Assigned Names and Numbers (ICANN).
Hot Take: Shiba Inu Wallets and Burn Rate
Shiba Inu’s team has announced its partnership with D3 Global and its ability to acquire .shib domains. The community continues to burn tokens and quickly accumulate Shiba Inu tokens from cryptocurrency exchanges.
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