Recent transfer of 3 trillion Shiba Inu (SHIB), reportedly involving Robinhood's wallets, has drawn attention and raised questions
tokens has recently emerged in the crypto market, prompting scrutiny and speculation regarding its implications. The transaction, valued at approximately $79.497 million, was revealed through a report from Binance Announces Massive Giveaway for SHIB, PEPE, DOGE and Other Meme Coin Traders
Etherscan data revealed that one of the recipient addresses belonged to Robinhood, hinting at the company's involvement in this cryptic transaction.Despite initial conjecture of the transfer involving unknown whales manipulating the SHIB market, further analysis by Arkham dispelled such notions. It elucidated that the transfer merely entailed an internal maneuver between two Robinhood wallets – from"0x73AF" to"0x2eFB".
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