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: Bitcoin Could Spike Above $90,000, Shiba Inu (SHIB) Hits Hidden Reversal Level, Will Ethereum's (ETH) New Year Pump Happen?Fidelity’s Macro Guru Turns Bearish on BitcoinMorning Crypto Report: Legendary Trader Speaks out on $24,111 Bitcoin Anomaly on Binance, Cardano's Hoskinson Calls out New Project and Brings up XRP, Dogecoin (DOGE) Posts 'Naughty List'CZ Reacts to Trust Wallet Hack. Are Funds SAFU?
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