A fake headline about Robinhood listing the Shiba Inu cryptocurrency posted by a squawk account on Twitter has managed to make the meme cryptocurrency’s price spike over 8% in minutes.
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The rally, however, was very short-lived. Shiba Inu quickly gave up its gains after Robinhood debunked the news.
“First Squawk,” the account that posted the headline, is yet to delete the tweet that has accrued over 1,400 likes at press time.
ROBINHOOD SAID TO LIST SHIBA INU TO ITS PLATFORMS: SOURCE
— First Squawk (@FirstSquawk) October 18, 2021Crypto Market Prediction: XRP to Face Its Most Intense Battle, Shiba Inu (SHIB) $0.00002 Closer, Can Ethereum (ETH) Reclaim $4,000?'XRP Sits at the Center of Everything Ripple Does,' Garlinghouse SaysBinance's CZ Finally Pardoned, $506 Million in XRP Moved in One Go, Satoshi-Era Bitcoin Whale Awake After 14 Years — Crypto News DigestBREAKING: Ripple Prime Officially Introduced
As reported by U.Today, the account in question also spread a false rumor about Musk being investigated by the U.S. Securities and Exchange Commission over his Dogecoin tweets.
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Shiba Inu is currently the 19th biggest cryptocurrency with a market capitalization of $4.4 billion.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team