Main navigation

Shiba Inu (SHIB) Rallies 8% on Robinhood Listing Rumors

Advertisement
Wed, 12/01/2022 - 16:10
Shiba Inu (SHIB) Rallies 8% on Robinhood Listing Rumors
Cover image via stock.adobe.com
Read U.TODAY on
Google News

The price of Shiba Inu (SHIB) spiked more than 8% after several squawk accounts tweeted that the meme cryptocurrency would be finally listed by online trading platform Robinhood in February.

Article image
Image by tradingview.com

Related
The canine cryptocurrency has managed to regain 13th place by market cap, surpassing Polygon (MATIC).  

Article image
Image by coinmarketcap.com

The rumors were then picked up by the Twitter account of libertarian financial website Zero Hedge, which has more than 1.1 million followers.

The price of the meme coin peaked at $0.00003240 after the sudden price spike before paring some gains. 

Related
The market-moving rumor appears to have originated from a Twitter account called “First Squawk,” which is notorious for spreading fake news.      

In October, the very same account tweeted that Shiba Inu would be listed on Robinhood, citing an anonymous source. This was denied by the company.

In February, “First Squaw” tweeted that the U.S. Securities and Exchange Commission was investigating Tesla CEO Elon Musk over his Dogecoin tweet. The (obviously false) rumor wasn’t left unnoticed by the centibillionaire himself.

U.Today has reached out to Robinhood to confirm whether or not the most recent tweet is fake as well.

A Change.org petition to get Shiba Inu listed on the popular online trading platform has amassed more than half a million signatures to no avail.

In November, Christine Brown, Robinhood Crypto's chief operating officer, said that the company wasn't in a hurry to add support for new cryptocurrencies, claiming that it prioritizes quality over quantity.      

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD