On Thursday, Whale Alert reported two transactions: 1.75 trillion Shiba Inu (SHIB) tokens worth $19 million each were moved from Robinhood on May 2. The Shiba Inu price has increased by over 6% in the last 24 hours. The transfer has helped renew bullish sentiments and signs of recovery amidst its recent price drop. Notably, before this transfer, the wallet had previously moved 3 trillion SHIB 8 days ago and 4 trillion SHIB 13 days ago to Robinhood, signaling it to be its internal wallet.

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