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, 2021Bitcoin (BTC) Stuck, Shiba Inu (SHIB) Doesn't Want to See Death Pattern Forming, XRP Price Breakthrough Might Be NextBinance to Delist These Five Popular Crypto Trading Pairs: DetailsBitcoin Survives $142 Billion Dump From Old Whales$1,260,727,232 in Bitcoin Mysteriously Change Hands As BTC Regains $98,000
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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Alex DovbnyaShiba Inu is currently the 19th biggest cryptocurrency with a market capitalization of $4.4 billion.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
Vladislav Sopov