Major Shiba Inu Whale Transfers 210 Billion Tokens to Robinhood
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 5d ago- Whale Behavior Shift: A major Shiba Inu whale transferred over 210 billion SHIB to Robinhood's hot wallet on January 20, reducing its wallet balance by approximately 97%, marking one of the largest SHIB inflows to exchanges recently and indicating strategic repositioning amid crypto uncertainty.
- Gradual Transfer Pattern: According to Arkham, this transfer was not sudden but occurred gradually, with the same wallet sending 11.579 billion SHIB on January 16 before the larger transfer, demonstrating a cautious approach in the market.
- Holding Analysis: Despite the January 20 transaction draining over 90% of the wallet's SHIB holdings, it still retains about 5.85 billion SHIB, valued at approximately $46,270, indicating the whale's continued market involvement.
- Market Monitoring Dynamics: Analysts noted that large transfers to platforms like Robinhood often suggest potential selling preparations, although it remains unconfirmed whether liquidation has occurred, prompting traders to closely monitor order books and short-term price movements for market confirmation.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
