A grassroots petition urging Robinhood to list Shiba Inu (SHIB) has gained remarkable traction, amassing over 450,000 signatures as the memecoin experiences renewed investor enthusiasm. The token’s price soared 86% weekly before stabilizing at $0.000071, showcasing its volatile yet lucrative nature in the cryptocurrency market.
Key Developments
1. Petition Momentum Builds
- Title: "Kindly Request Robinhood to List Shiba Inu Coin!"
- Started by: Tristan Luke via Change.org
- Milestone: Surpassed 420,000 signatures over the weekend, with Tristan calling it a "qualified success."
- Goal: Pressure Robinhood to enable SHIB trading for its 18.9 million monthly active users.
2. Price Volatility Highlights Risks
- All-Time High: $0.000088 (achieved last week).
- Current Value: $0.000071 (as of Monday AM ET).
- Expert Warning: Cryptocurrencies remain high-risk investments due to extreme volatility (per Newsweek).
3. Robinhood’s Cautious Stance
- Existing Crypto Listings: Dogecoin (since 2018) + 6 others.
- Regulatory Hesitation: The platform awaits clearer guidelines before adding new tokens (Reuters).
- Analyst Insight: Mati Greenspan warns exchanges risk listing "useless coins or scams" without thorough due diligence.
Market Impact
| Metric | Shiba Inu (SHIB) | Dogecoin (DOGE) |
|---|---|---|
| Market Cap | $39 billion | $35 billion |
| Rank | #9 | #10 |
👉 Track SHIB’s Real-Time Price Movements
FAQs
Q1: Why is Shiba Inu’s Robinhood listing significant?
A: Robinhood’s massive user base could drive liquidity and mainstream adoption for SHIB, mirroring Dogecoin’s 2021 trajectory.
Q2: What caused SHIB’s recent price surge?
A: Factors include the petition’s visibility, social media hype, and broader memecoin rallies.
Q3: How does SHIB compare to Dogecoin?
A: SHIB briefly surpassed DOGE in market cap, signaling shifting investor interest in dog-themed tokens.
Q4: Is investing in SHIB advisable?
A: High-reward potential exists, but experts caution about volatility and unproven utility.
Conclusion
While the petition reflects strong community support, SHIB’s future hinges on regulatory approvals and sustained market demand. Investors should weigh risks carefully—considering both the token’s speculative nature and its growing ecosystem.