Arkham Intelligence data reveals a significant increase in Robinhood’s Shiba Inu (SHIB) holdings, highlighted by a SHIB enthusiast named “Lola.” Robinhood’s wallet assets rose from approximately 35 million SHIB to 36.454 trillion SHIB in just 24 hours, with the latest figures showing a further increase to 36.684 trillion SHIB, valued at $350.34 million, indicating an addition of around 230 billion SHIB tokens.
Amidst uncertainty, on-chain data paints an intriguing picture of whale accumulation of SHIB, with strategic moves by significant holders. A notable 1,542% increase in SHIB’s Large Holders Net Flow and a 181% rise in Large Holders Entries suggest increased buying activities during a period of relative price stability.
Historically, sudden surges in net flow often signal accumulation by major players or whales. The Large Transaction Volume index, reflecting significant and strategic SHIB transactions, has seen a remarkable 551% increase in the last 24 hours, corresponding to a movement of 5.9 trillion SHIB.
SHIB recorded a slight decrease of 1.43% in the last 24 hours, trading at $0.000009544. Indicators of whale accumulation and strategic moves by key holders add different scenarios to the broader narrative of SHIB’s trajectory as market dynamics evolve.
The notable increase in Robinhood’s SHIB assets, combined with significant rises in net flows, entries, and transaction volumes, points to a dynamic environment for Shiba Inu. Whales are positioning themselves strategically, contributing to a nuanced market landscape, with accumulation and activity signals by major holders becoming increasingly important for understanding potential directions for SHIB within the wider crypto market.