Robinhood, the popular online trading platform, has been identified by Arkham Intelligence as the fifth-largest holder of Ethereum (ETH) and the third-largest holder of Bitcoin. In addition, the firm has recently become the owner of 34.086 trillion Shiba Inu (SHIB) tokens, equivalent to about $279.85 million at the current market price.Data shows that Robinhood’s SHIB holdings have increased significantly in the past 20 days, with a 70.4% increase in the amount of tokens held. On August 10, the firm held around 20 trillion SHIB, equivalent to $197.40 million.The increase in SHIB holdings coincided with the public reopening of Shibarium, the layer-2 scalability solution of the Shiba Ecosystem. After the relaunch, Shibarium registered 431,765 wallet addresses and about 600,000 transactions, representing a 564% growth in addresses and a 71.3% rise in transactions.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	None
Companies	Shiba Inu, Shibarium, Binance, Robinhood, Arkham Intelligence
Currencies	Ethereum, Shiba Inu, Bitcoin, primexbt, Binance USD
Securities	None