Pundit Says Money Flow Entering Shiba Inu as Robinhood’s SHIB Stash Grows 28% to 47T Tokens

Shiba Inu community figure Lola has drawn the attention of the broader community to data signaling massive SHIB accumulation.

In a post late Sunday, Lola shared an image showing that the amount of SHIB held by US-based crypto trading platform Robinhood has grown by almost 28% since her post last year, signaling increased traction towards the asset.

According to her, investors are flocking into the ecosystem. Notably, this confirms that speculations that the Shiba Inu ecosystem is losing value are false. Lola asserted that the “flow of money” is coming to SHIB, insisting on a bullish outlook for the asset.

Notable Accumulation on Robinhood

Per Lola’s post last year, Robinhood held 34 trillion SHIB. However, the SHIB enthusiast pointed to a 28% increase in the exchange’s stash of the dog-themed token, as Arkham Intelligence shows. According to the data, Robinhood now holds 47.25 trillion SHIB, valued at $680 million.

Interestingly, Shiba Inu is Robinhood’s third-largest crypto holding, below only Bitcoin and Ethereum. The exchange has 143,254 BTC valued at $9.08 billion and 1.55 million ETH worth $4.11 billion.

Other assets in the California-based exchange’s top five crypto stash included Avalanche and USDC. Robinhood holds 5.7 million AVAX with a monetary valuation of $156 million and $154 million of stablecoin USDC. On aggregate, the exchange has $14.4 billion worth of crypto assets.

Lola Teases SHIB Dominance

Meanwhile, Lola teased Shiba Inu’s dominance among other assets, except the two largest cryptocurrencies by market cap.

Furthermore, Lola shared another interesting statistic showing increased attraction to the Shiba Inu ecosystem. She stated that the number of wallets holding SHIB grew from 1.3 million to 1.4 million, adding 100,000 users without any airdrop. Data from Etherscan confirms this claim, as the number of addresses holding SHIB now stands at 1,408,313.

Nevertheless, SHIB has failed to hit $0.000015 despite growing bullish sentiments. The asset was trading at $0.00001455 at the time of writing. However, market analyst Charting Guy has tipped SHIB to reach $0.00008841.

Source