Cryptos

Report suggests Robinhood owns largest Dogecoin handle and third largest BTC pockets

Earn 8 Reward Points by commenting the blog post

Again in February, the crypto neighborhood was obsessive about a selected dogecoin handle that simply occurs to be the most important dogecoin holder right now with over 36 billion DOGE. An armchair detective investigated a lot of chain transactions and suspected that the Robinhood firm owned the pockets. Now the person has researched the subject once more and claims the most recent findings assist affirm that the dogecoin pockets is owned by Robinhood. Together with this, the individual suspects that Robinhood additionally controls the third largest bitcoin pockets.

Onchain Analysis suggests Robinhood not solely owns the mysterious Doge Whale pockets, but in addition the third largest BTC Pockets

Two days in the past the Reddit account u / Andreifromalberta revealed analysis that claims the Robinhood Firm (Nasdaq: HOOD) holds extra Bitcoin (BTC) than the agency Microstrategy. Redditor Andrei is identical detective who revealed analysis 4 months in the past on the notorious dogecoin (DOGE) pockets nicknamed “DH5”, which occurs to be the most important DOGE pockets right now.

The Reddit put up the Redditor u / Andreifromalberta posted in February 2021.

In February, Andrei job on the topic because the handle “DH5” has turn into a particularly topical topic this month. Andrei stated within the r / dogecoin Reddit put up that the outcomes recommend that the Robinhood firm owns the dogecoin handle “DH5” and defined how analysis on the chain led to this conclusion.

The Reddit put up on r / bitcoin from Redditor u / Andreifromalberta revealed two days in the past reveals round 20 new findings.

On-line brokerage agency Robinhood made an preliminary public providing (IPO) final week, and firm CEO Vlad Tenev spoke concerning the firm’s crypto positions in an interview on Could 6. Tenev’s statements to Robinhood hearth chat in Could defined that the change would have supplied clients with entry to their particular holdings solely.

“We do not have significant positions in any of the items that we carry on an unique foundation or one thing like that,” Tenev identified within the hearth chat. Regardless of Tenev’s statements, Andrei believes the corporate has vital positions in a lot of crypto belongings.

Andrei’s analysis once more hyperlinks the dogecoin handle ‘DH5’ to Robinhood, nevertheless it additionally particulars how the change doubtless has a lot of massive wallets from cash like BTC, ETH, and BCH. In response to Andrei’s findings, the portfolios of the wealthy listing of six main crypto belongings can be managed by the Robinhood firm.

Robinhood Report Notes In all probability Has Some Of The Richest Addresses In 5 Completely different Blockchains

On Reddit, Andrei provides a step-by-step evaluation of why Robinhood is believed to personal not solely the dogecoin handle “DH5”, however the third largest one. BTC handle “1P5” in addition to.

The Redditor, Andrei, believes the third greatest bitcoin (BTC) is owned by Robinhood. The pockets was created across the similar time because the dogecoin handle “DH5” was created.

Not solely that, however Andrei asks if Robinhood follows the very same chilly storage sample for BTC and DOGE, “would not it make sense for them to observe the identical sample for the opposite 5 Cryptos they’re providing for buying and selling (ETH, SLD, BCH, ETC, BSV)? The Armchair Detective believes that’s the case with all the aforementioned cash and “the richest addresses owned by Robinhood on these blockchains.”

the Bitcoin (BTC) the handle beginning with “1P5” incorporates 113 842 BTC and it began accumulating in February 2019. Coincidentally, the dogecoin handle DH5 began accumulating similtaneously the bitcoin handle “1P5”.

Andrei report suspects Robinhood owns second largest litecoin (LTC) handle “LQT“and the second largest Bitcoin money (BCH) handle “16N. ” The fourth ethereum (ETH) handle “0x7Can also be believed to be Robinhood’s change pockets.

“Holding greater than 2 million ETH, he was sown in precisely the identical methodProvides Andrei’s report. The Redditor additionally shared an article explaining why the richest crypto addresses are nonetheless essential.

“Robinhood (RH) has certainly extra BTC (116K) than Microstrategy (105K), as custodian of crypto HR purchasers, ”concludes the Redditor. “In whole, over 10 million crypto-robinhooders are literally sensible cash, shopping for bitcoin massively and crypto down because the Could crash. Portfolios are urgently wanted to provide freedom of self-care to tens of millions of HR traders, ”the investigator added.

What do you consider the Redditor’s findings that recommend Robinhood owns all of those pockets addresses? Tell us what you consider this subject within the feedback part beneath.

Tags on this story

third Largest BTC Pockets, 5 Completely different Blockchains, Andrei, Armchair Detectives, Armchair Detective, Bitcoin, BTC, DOGE Wealthy Checklist, Hearth Cat, Largest Pockets, DOGE Thriller Pockets, DOGE Thriller Deal with, Nasdaq: HOOD, redditor, Richlist, Robinhood, Robinhood CEO, third tallest, u / Andreifromalberta, Vlad Tenev

Picture credit: Shutterstock, Pixabay, Wiki Commons, BitInfocharts, Reddit,

Warning: This text is for informational functions solely. This isn’t a direct supply or the solicitation of a suggestion to purchase or promote, nor a suggestion or endorsement of any product, service or enterprise. Bitcoin.com doesn’t present funding, tax, authorized or accounting recommendation. Neither the corporate nor the creator is accountable, instantly or not directly, for any injury or loss induced or allegedly brought on by or in reference to using or reliance on any content material, good or service talked about on this article.

Supply

Related Articles

Leave a Reply

Back to top button