The crypto community’s attention has been drawn to a Shiba Inu whale that recently moved trillions of the meme coin. Given the magnitude of these transactions, community members have sought to discover where these tokens were transferred and the motive behind them.

Shiba Inu Whale Moves 1.7 Trillion SHIB

On-chain data shows that the whale (crypto trading platform Robinhood) moved 1.7 trillion SHIB tokens from one of its wallets to another in two separate transactions, with 875 billion SHIB tokens moved in the first transaction and the same amount transferred in the second. 

The crypto platform has become known for moving enormous amounts of SHIB tokens between their wallets, possibly to meet demand from customers. Bitcoinist recently reported how the trading platform moved 3 trillion Shiba Inu tokens in one transaction. Robinhood also had at one point accumulated 332 billion SHIB at a go. 

Robinhood’s most recent transaction follows the platform’s recent listing of the meme coin for its New York customers. As such, these whale transactions coul

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Author: Scott Matherson

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