The Fifth Largest ETH Wallet Belongs to Robinhood

It turned out that Robinhood is the owner of the fifth largest Ethereum wallet in the world. According to a report by Arkham Intelligence, a crypto analytics company, Robinhood has 1.72 million ETH, worth about $2.92 billion at the time of writing.

Arkham Intelligence is the same company that identifies Robinhood as the owner of the world’s third-largest Bitcoin wallet with 122,224 BTC worth approximately $3.32 billion. The report also includes SHIB ($276.82M), LINK ($29.98M), AVAX ($29.66M), COMP ($19M), UNI ($8.16M), AAVE ($6.16M), and USDC ($27.6 million) in Robinhood’s wallet. He revealed that he also holds other cryptocurrencies such as $5.14 million). The total value of these coins is approximately $374 million.

As the SEC requires crypto balances on Robinhood to be backed at a 1:1 ratio, these consist of funds Robinhood holds for user balances.

Latest situation in Ethereum price

The price of Ethereum (ETH) is $1,705.59 today with a 24-hour trading volume of $6,656,611,188.24. This represents a -0.71% price decline in the last 24 hours and a 1.89% price increase in the past 7 days. With a circulating supply of 120 Million ETH, Ethereum is valued at a market cap of $204,960,456,040.