After a well-known business account took social media to warn of a potential Shiba Inu (SHIB) listing in Robinhood in February, an Ethereum whale has considerably invested in the meme coin.
Already having holdings in crypto assets of more than $3.7 million, the Ethereum whale acquired 58.9 billion Shiba Inu (SHIB) equivalent to $1.9 million, as the price of Shiba Inu (SHIB) soared after the rumored listing on the popular exchange.
🐋 ETH whale "Light" just bought 58,900,000,000 $shib ($1,906,592 USD).
Ranked #3 on WhaleStats: https://t.co/g2Ri3NWSgL
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) January 13, 2022
The major holdings of the whale include Shiba Inu (SHIB), USDC, and Ethereum (ETH). In addition, other holdings include $358,000 worth of CRO, the native token of Crypto.com, and $96,000 worth of The Sandbox (SAND). The whale also owns tokenized versions of Bitcoin (BTC) and Ethereum (ETH) on the Binance Smart Chain – BSC.
The price surge and subsequently the Ethereum whale purchase were prompted as a result of the ZeroHedge tweet that Shiba Inu (SHIB) will potentially be listed in Robinhood sooner rather than later.
SHIBA INU ROBINHOOD LISTING SAID TO COME AS EARLY IN FEB
this is about 6 months too late
— zerohedge (@zerohedge) January 12, 2022
Some members of the community were incredibly excited for the news, while others wanted to wait for a confirmation from Robinhood before the premature joy. Nonetheless, the SHIB Army took matters into their own hands to speed up the listing by devising the petition dubbed “Kindly request Robinhood to list Shiba Inu coin.” So far, the petition has signatures amounting to 555,000.
The petition references the success of the Dogecoin (DOGE) listing on the platform as a compelling reason to list the prominent meme coin. It is true that Robinhood enjoyed increased gains in the Dogecoin (DOGE) listing aftermath.
Shiba Inu (SHIB) has also incurred price surges as a result of the whale acquisition. Prior to price surges of the meme coin, transactions of over $100,000 have soared.