U.Today - SHIB enthusiast @CryptoLollla has issued a post to spread the word about the massive held by the popular investment app Robinhood (NASDAQ:HOOD).
According to the data by the analytics platform a whopping 20 trillion Shiba Inu meme coins in its wallet among other cryptocurrencies that its vast portfolio contains.
@CryptoLollla also shared a screenshot showing the major investors of Robinhood, who bought its stocks, which means that they indirectly approved of holding the 20 trillion SHIB.
The Shiba Inu bag is the biggest Robinhood holds in its portfolio. For comparison, it also has the trendy meme coin PEPE but only 2 million of it.
Based on this data about 20 trillion SHIB held by Robinhood, @CryptoLollla expects the next bull run for Shiba Inu to be “euphoric”.
Robinhood holds 38 billion DOGE, expanding its bags
According to dogecoinwhalealer, of the circulating on behalf of its customers in ten wallet addresses.This constitutes a staggering 38,317,905,514 DOGE worth $2,536,338,802. This is a more than 11% rise since the end of May this year when Robinhood held 16.23% of Dogecoin in circulation.
SHIB burn activity rises
According to the Shibburn explorer, the burn rate of SHIB shows a significant rise over the span of the past 24 hours. Over that period of time, the joint efforts of the Shiba Inu community have moved 67,078,866 SHIB tokens to dead-end wallets in total.The largest transfer here contained 17,792,950 Shiba Inu and was made roughly eight hours ago by an anonymous cryptocurrency whale. 12,750,062 SHIB was the second biggest one, burned just a few minutes ago.
Regular burns help to reduce the circulating supply of , thus making it more scarce in the long run. So far, based on the data shared by Shibburn, a total of 410,652,850,576,234 SHIB have been removed from the circulating supply.
579,302,819,630,867 SHIB are still circulating out there in the crypto market.