Ethereum Whales bought more Shiba Inu tokens following the Robinhood listing
The Shiba Inu listing on Robinhood has been in the works for quite some time.
Despite the fact that the trading platform had stated nothing about listing the meme coin, it seemed clear that something would happen given the outpouring of support for the listing on social media.
Following Robinhood's announcement that the memecoin would be available for trade on the site, there has been a flurry of positive activity surrounding Shiba Inu token.
Ethereum Whales Raise the Stakes
Shiba Inu has always had a strong following among Ethereum whales.
They've poured money into the digital currency, despite the fact that the decline since its all-time high last year has reduced the amount of tokens held by these titans.
With this new listing, these whales have proceeded to grow their Shiba Inu bags. The Ethereum whale known as "BlueWhale0073" has made some remarkable purchases.
BlueWhale0073 is the 12th largest ETH whale, having spent $20,697,378 on 775,473,150,952 SHIB.
Another ETH whale named "Bombur" followed in the same footsteps. Bombur is the 21st largest ETH whale, according to WhaleStats, and on Wednesday, the whale purchased 79,228,162,513 SHIB, which was worth $2,171,643 at the time of purchase.
The whale did not stop there, as they later paid $1,615,601 for additional 58,942,040,942 SHIB. The overall SHIB holdings of these whales have increased tremendously as a result of this.