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Shiba Inu soars 19% on rumoured Robinhood listing


It's not the first time this rumour has circulated and it's yet to be confirmed by Shiba Inu or Robinhood.

Shiba Inu (SHIB) climbed 19% Wednesday US time on rumours that the meme coin would be listed on the popular retail brokerage platform Robinhood in February 2022.

Neither Shiba Inu nor Robinhood has confirmed the rumours.

Shiba Inu is now changing hands for US$0.000032, according to data from CoinDesk, up roughly 19% over the last 24 hours.

What's the buzz?

Several crypto news sources claim knowledge of insider information that Shiba Inu will be listed on Robinhood this February.

BreakingCrypto tweeted out the news this morning, citing an anonymous source, followed shortly thereafter by Wccftech, a technology media publisher.

So far, there's been no word from Robinhood or Shiba Inu to confirm the rumours. But perhaps a cryptic tweet late last week was meant to tease the development. Shiba Inu developers tweeted last Friday that they're "working on amazing things." Whether that's getting listed on Robinhood remains to be seen.

This has been rumoured before

Shiba Inu peaked at an all-time high of US$0.000089 on Oct. 28, 2021, on similar news that it might be listed on Robinhood.

At the time, a petition "designed to kindly request of Robinhood to please list Shiba Inu coin to trade" was circulating on, which may have contributed to the token's 72% rise.

The petition has gathered more than 555,000 signatures as of Jan. 12.

What is Shiba Inu?

Shiba Inu is a decentralized cryptocurrency also known as Shiba Token. The coin was created in August 2020 by an anonymous person or group known as Ryoshi and is built on the Ethereum (ETH) platform.

The price of Shiba Inu is currently US$0.000032 according to CoinDesk, with a market cap of US$18.93 billion.

Interested in cryptocurrency? Learn more about the basics with our beginner's guide to Bitcoin, dive deeper by learning about Ethereum and see what blockchain can do with our simple guide to DeFi.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

At the time of publication, Matt Miczulski owned Ethereum.

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