Robinhood Wallet is the Fifth Largest ETH Holder

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Last Updated on August 31, 2023 by Bitfinsider

Arkham Intelligence has identified Robinhood as one of the major ether holders.

“Our identification of Robinhood as the owner of the third-largest Bitcoin wallet was widely covered,” Arkham said on Twitter. “However, most coverage overlooked the fact that we’ve identified them as the owner of the 5th largest ETH wallet, holding $2.54 billion in ETH.”

Arkham explained in another article that the monies in the wallet are maintained in custody for user balances.

A Robinhood-linked wallet also contains 122,076 BTC ($3.3 billion), 34.1 trillion Shiba Inu ($277.8 million), 4.9 million LINK ($29.7 million), and 2.6 million AVAX ($29.6), according to Arkham.

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