Shib Army News: Robinhood’s Shiba Inu Holdings Still Growing- Is Shibarium the Future Game-Changer?

Robinhood, the U.S.-based brokerage app known for democratizing finance, has seen its Shiba Inu (SHIB) token reserves expand over the last month. Data from Arkham Intelligence shows that RobinHood added over 1.25 trillion SHIB tokens to its holdings, marking a surge from 32 trillion tokens at the beginning of August to 34 trillion by the end of the month.

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This new surge of Shib tokens means that SHIB is now the third-largest position in Robinhood’s crypto asset portfolio, valued at a massive $272 Million USD. Shiba Inu now accounts for almost 5% of the RH’s crypto reserves.

Shibarium Is The Catalyst for Growth. One can’t help but notice that the massive buys of SHIB coincides with the much-anticipated launch of Shibarium, Shiba Inu’s Layer 2 solution. Initial uncertainty about the project’s release date and minor scalability hiccups did little to deter its momentum.

Thanks to a timely collab between Shib and Polygon, the L2 not only launched but also successfully addressed its early challenges. The relaunch earlier this week has been hailed as a triumph, breathing new life into the Shiba Inu ecosystem.

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The surge in Robinhood’s Shiba Inu holdings adds an intriguing chapter to the ongoing narrative of the Shib Army Movement. As Robinhood continues to diversify its crypto holdings, it would seem that the brokerage is no longer just banking on Bitcoin & Ethereum but is also willing to bet on the future success of Shib and the Shiba Inu Ecosystem. Though markets are down the future for Shibarium and the Shib Army looks strong.