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, 2021Morning Crypto Report: Is Shiba Inu (SHIB) a Coin to Hold in December? XRP Refuses to Lose $2 Amid Extreme Fear, Bitcoin Is Inch Away From Santa Rally: Bollinger BandsXRP Scores Yet Another Prominent SupporterCrypto Market Prediction: XRP's Last Chance Before $1, Another Bitcoin (BTC) Wave to Set $100,000 in Stone, Shiba Inu (SHIB) Comeback to the Bottom is PossibleEthereum’s Buterin Advocates for Stronger Crypto
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