Home Crypto Shiba Inu rises 8% after listing rumors on Robinhood

Shiba Inu rises 8% after listing rumors on Robinhood

Shiba Inu has overtaken Polygon in terms of market cap. This is because of the new Robinhood rumor about a listing on the platform.

Fake news or not?

The price of Shiba Inu rose more than 8% after several accounts tweeted that the token would finally be listed by trading platform Robinhood. The rumors were then picked up by the Twitter account of financial website Zero Hedge. This account has more than 1.1 million followers.

The Shiba Inu price even briefly peaked as high as $0.00003240, then fell back a bit, and is back at $0.00003205 today.

SHIB 1-hour chart – Source: Tradingview

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Is it fake news?

However, the rumor appears to have come from a Twitter account called “First Squawk,” which is notorious for spreading fake news. In October, the same account tweeted that Shiba Inu would be listed on Robinhood, citing an anonymous source. This was denied by the company.

In February, “First Squaw” also tweeted that the SEC was investigating Tesla CEO Elon Musk over his Dogecoin tweet. This too was fake news.

Still, there is a chance that SHIB will one day be listed on Robinhood. A Change.org petition to get Shiba Inu on the list of the popular online trading platform has gathered more than half a million signatures. However, it has so far been of no avail.

In November, Christine Brown, Robinhood Crypto’s COO, said the company was in no rush to add support for new cryptocurrencies, stating that it puts quality over quantity.

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