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A Shiba Inu whale has transferred more than 210 billion SHIB to Robinhood, a leading brokerage platform.
While the whale still holds billions of Shiba Inu, its holdings have declined notably from levels a week ago.
Key Points
- Whale moved over 210 billion SHIB to Robinhood’s hot wallet this week.
- This single transaction drained more than 90% of the wallet’s SHIB balance.
- Despite the massive outflow, the wallet owner still holds more than 5 billion SHIB.
- The same wallet repeatedly transferred WLFI tokens to Robinhood, suggesting broader portfolio repositioning.
Over 210B SHIB Moved to Robinhood
According to Arkham, the whale moved 210.36 billion SHIB to Robinhood’s hot wallet on January 20, depleting the wallet’s Shiba Inu balance by 97%. This transaction ranks among the largest amounts of SHIB moved to an exchange in recent weeks, prompting heightened investor scrutiny.
Additionally, blockchain data shows a pattern of gradual transfers. On January 16, the whale sent 11.579 billion SHIB to Robinhood. Just days later, it followed up with the much larger 210.36 billion SHIB transfer.
Even after that move, the whale continued offloading tokens, sending an additional 1.52 billion SHIB to Robinhood on Wednesday.
Why This Matters
Large transfers to exchange wallets often signal potential selling pressure. However, it remains unclear whether the whale has liquidated the tokens as of press time.
Given the size of the transfer and the near-total depletion of the wallet, the move has drawn close attention from traders monitoring short-term price impact and shifts in whale sentiment around SHIB.
Despite the sizable outflow, the wallet owner still held 5.85 billion SHIB worth approximately $46,270. As a result, SHIB now stands as the whale’s second-largest holding by dollar value, trailing WLFI, another token the user has repeatedly moved to Robinhood.
Whale Gulps 15.18 Billion SHIB From Binance
Meanwhile, on-chain data points to contrasting whale behavior. While this investor continues to offload SHIB during the market downturn, Arkham data shows another dormant whale taking the opposite stance.
After remaining inactive for more than six months, the unknown holder recently reawakened and withdrew over 15.18 billion SHIB from Binance earlier this week.
Following the withdrawal, the whale’s SHIB balance rose to 61.84 billion tokens, valued at roughly $491,000 at press time. This suggests this investor may be positioning for a potential SHIB rebound.
At press time, SHIB trades at $0.000007943, reflecting a modest gain of 0.79% over the past 24 hours.
coinfomania.com
