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- 36.684 trillion $SHIB tokens were added to Robinhood in 24 hours, fueled by investor interest.
- Notable $SHIB whale moves and a 28,600% burn rate increase.
- Shiba Inu strategic partnership with D3 Global collaboration, $SHIB domain acquisition, and ICANN pursuit.
In a remarkable turn of events, Robinhood’s Shiba Inu ($SHIB) wallets have witnessed a staggering surge, accumulating 231 billion tokens in just 24 hours. This unprecedented growth, revealed by Arkham Intelligence data, brings Robinhood’s $SHIB holdings to an impressive 36.684 trillion tokens.
As the crypto community closely watches, this surge is a testament to growing investor interest. It aligns with broader trends, including significant whale activities and strategic partnerships within the Shiba Inu ecosystem.
$SHIB accumulation on Robinhood
Robinhood, the commission-free trading platform, is making headlines with its substantial accumulation of Shiba Inu tokens. In a single day, the platform’s $SHIB wallet saw an increase of 231 billion tokens.
Notably, these exchange wallets reflect user holdings, signifying a substantial surge in $SHIB accumulation by investors on the Robinhood platform. Cryptocurrency whales have also played a pivotal role, with one whale moving a staggering 136.8 billion tokens to a newly created wallet on the exchange.
The accumulation of Shiba Inu on Robinhood coincides with a community-driven burn event that has incinerated 9.35 billion $SHIB tokens, showcasing a remarkable 28,600% increase in the burn rate.
Last month, the community sent 8.6 billion $SHIB tokens for permanent deletion, marking an astounding 160,598% increase from the previous day’s burn rate. This strategic combination of accumulation and burning underscores a dynamic market environment for Shiba Inu.
Recent Shiba Inu partnerships
The surge in $SHIB holdings is not isolated but ties into Shiba Inu’s strategic initiatives. A notable partnership with domain firm D3 Global has empowered users to acquire $SHIB domain names.
This collaboration positions Shiba Inu as one of the first decentralized projects pursuing a top-level domain name through the Internet Corporation for Assigned Names and Numbers (ICANN). The partnership aligns with the rising burn rate trend within the Shiba Inu community.