THELOGICALINDIAN - Last February the crypto association was bedeviled with a specific dogecoin abode that happens to be the better dogecoin holder today with over 36 billion DOGE One armchair sleuth advised a cardinal of onchain affairs and doubtable the aggregation Robinhood endemic the wallet Now the alone has researched the affair afresh and claims the latest allegation advice affirm the dogecoin wallet does accord to Robinhood Alongside this the being suspects Robinhood controls the thirdlargest bitcoin wallet as well
Onchain Research Suggests Robinhood Not Only Owns the Mysterious Doge Whale Wallet, but Also the Third-Largest BTC Wallet
Two canicule ago, the Reddit annual u/Andreifromalberta appear analysis that claims the aggregation Robinhood (Nasdaq: HOOD) holds added bitcoin (BTC) than the close Microstrategy. The Redditor Andrei is the aforementioned sleuth that appear analysis four months ago on the belled dogecoin (DOGE) wallet dubbed “DH5,” which happens to be the better DOGE wallet today.
Back in February, Andrei posted about the accountable as the “DH5” abode became an extremely contemporary subject that month. Andrei said in the r/dogecoin Reddit column that allegation advance the aggregation Robinhood is the buyer of the “DH5” dogecoin abode and explained how onchain analysis led to this conclusion.
This accomplished week, the online allowance close Robinhood had an initial accessible alms (IPO) and the company’s CEO Vlad Tenev talked about the firm’s crypto positions in an account on May 6. Tenev’s statements at the Robinhood fireside chat aback in May explained that the barter allegedly provided barter with admission to their specific backing only.
“We don’t accept cogent positions in any of the bill that we accumulate on a proprietary base or annihilation like that,” Tenev fatigued at the abode chat. Despite Tenev’s statements, Andrei believes the aggregation does accept cogent positions in a cardinal of crypto assets.
Andrei’s analysis already afresh ties the “DH5” dogecoin abode to Robinhood, but it additionally capacity how the barter apparently owns a cardinal of ample wallets from bill like BTC, ETH, and BCH. According to Andrei’s findings, rich-list wallets from six above crypto assets are allegedly controlled by the aggregation Robinhood.
Report Notes Robinhood Likely Owns Some of the Richest Addresses from 5 Different Blockchains
On Reddit, Andrei gives a step-by-step assay of why Robinhood is doubtable of actuality the buyer of not alone the “DH5” dogecoin address, but the third-largest BTC abode “1P5” as well.
Not alone that, but Andrei’s asks if Robinhood follows the exact above arrangement of algid accumulator for BTC and DOGE, “wouldn’t it additionally accomplish faculty for them to chase the above arrangement for the added 5 Cryptos that they action for trading (ETH, LTC, BCH, ETC, BSV)?.” The armchair sleuth believes this is the case for all of the above bill and “the top affluent addresses acceptance to Robinhood on those blockchains.”
The bitcoin (BTC) abode starting with “1P5” holds 113,842 BTC and it started accumulating in February 2019. Coincidentally, the DH5 dogecoin abode started accumulating at the aforementioned time as the “1P5” bitcoin address.
Andrei’s abode suspects that Robinhood owns the second-largest litecoin (LTC) abode “LQT” and the second-largest bitcoin banknote (BCH) abode “16N.” The fourth-biggest ethereum (ETH) abode “0x7” is additionally doubtable of actuality Robinhood’s barter wallet.
“Holding over 2 actor ETH, it was seeded in absolutely the aforementioned manner,” Andrei’s address adds. The Redditor additionally aggregate an commodity answer why the richest crypto addresses are still actual important.
“Robinhood (RH) absolutely owns added BTC (116K) than Microstrategy (105K), as a babysitter for RH crypto clients,” the Redditor concludes. “In aggregate, 10 actor crypto Robinhooders are absolutely acute money, heavily affairs the bitcoin and crypto dip back the blast in May. Wallets are actively bare to accord the abandon of self-custody to millions of RH investors,” the investigator added.
What do you anticipate about the Redditor’s allegation that advance Robinhood owns all these wallet addresses? Let us apperceive what you anticipate about this accountable in the comments area below.
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