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, 2021Strategy's Saylor Teasing Massive Bitcoin Purchase. Will He Save BTC?Satoshi Associate Ends Speculations About Quantum Threat to Bitcoin: DetailsMorning Crypto Report: Crazy $27.4 Million XRP Short Opened, 40% Surge for XRP vs Bitcoin, 815,000 BTC Sold in Just 30 DaysShiba Inu Team Teases 'Something New' as SHIB Remains Down Nearly 90% From ATH
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