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, 2021$14.7 Billion Bitcoin Longs at Risk as Price Holds $120,000, Ripple Reveals XRP Privacy Roadmap, Shiba Inu (SHIB) Targets 11% October Rally: Morning Crypto Market ReportVitalik Buterin Slams ETH Backer Peter ThielCrypto Market Prediction: XRP Ready for $3, Bitcoin (BTC) Can't Handle It, Is Shiba Inu (SHIB) Ready for $0.00002?'Everything's on Ice': Top Expert Weighs In on ETF Delays
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