Dog Days Over? Robinhood Moves 2.2 Trillion Shiba Inu Amidst Cooling Meme Market
Shiba Inu (SHIB), the self-proclaimed “Dogecoin Killer,” is facing choppy waters. A recent colossal transfer by Robinhood, a leading crypto exchange, has given jitters to SHIB enthusiasts, raising questions about the future of meme coins. Related Reading: Japanese Crypto Market Shakeup: BitFlyer Eyes Dominance With FTX Japan Buyout Robinhood’s Mysterious SHIB Shuffle Late on June […]
Shiba Inu (SHIB), the self-proclaimed “Dogecoin Killer,” is facing choppy waters. A recent colossal transfer by Robinhood, a leading crypto exchange, has given jitters to SHIB enthusiasts, raising questions about the future of meme coins.
Robinhood’s Mysterious SHIB Shuffle
Late on June 20th, Robinhood transferred a staggering 2.2 trillion SHIB tokens, valued at roughly $40 million at the time. This maneuver has analysts scratching their heads, with some speculating it could be a prelude to a larger SHIB sell-off by the exchange.
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