Robinhood, one of the leading cryptocurrency exchanges, focuses on meme coin projects. Robinhood holds 41 Billion Dogecoins (DOGE), which makes up a significant portion of the circulating supply. Also, the platform today announced the official addition of the Shiba Inu (SHIB), expanding its focus on meme cryptos that have become a trend in the crypto community.
Robinhood holds 41 billion Dogecoins
According to a recent tweet by DogeWhaleAlert, cryptocurrency exchange Robinhood continues to hold a third of the circulating supply of Dogecoin (DOGE). According to the aforementioned Twitter account focused on DOGE transactions, popular brokerage app Robinhood continues to hold Dogecoin on behalf of its clients.
A recent tweet by DogeWhaleAlert says the app has 41,049,549,937 Dogecoins, which is equivalent to $5,764,136,753. This also represents a staggering 30.94% of the circulating supply of the leading meme coin project. Dogecoins are held in two wallets, 3334959 and 1699275, using eight known digital addresses, according to the tweet.
Robinhood finally listed meme coin project SHIB
Robinhood has finally added the Shiba Inu, greatly satisfying the SHIB army who have been looking forward to this day for months. Expectations were that this move by Robinhood would push the price of the token up to $0.01.
Driven by the news of the listing, the popular meme coin project gained over 18% on the day. However, it then started to pull back and at the time of writing it is trading at $0.00002539, up 10.10% on a daily basis according to CoinMarketCap.
Robinhood officially announced the addition of Shiba Inu (SHIB), Solana (SOL), Polygon (MATIC) and Compound (COMP) on its Twitter account, after other sources leaked the news. To celebrate the launch of this crypto on its platform, Robinhood has offered a giveaway of $100,000 (i.e. 3,679,175,864 Shiba Inu) in SHIB.
As reported by Cryptokoin.com last year, Change.org’ A petition has been launched demanding that Robinhood list the Shiba Inu. It has received a total of 559,701 signatures so far.
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