cryptocurrency

250,000 traders sign petition to add Shiba Inu (SHIB) on Robinhood – CryptoSlate


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The dramatic rise of Shiba Inu’s (SHIB) price drew plenty of attention in October, while the community behind the pet-meme crypto mobilized to support the momentum.

Following the impressive rally, the demand for Shiba Inu’s addition to the popular investing platform intensifies, as thousands of investors reach out to Robinhood and “kindly request” its listing.

The petition

“Dogecoin killer” supporters have been signing a petition on Change.org, urging trading platform Robinhood to list the popular pet-meme cryptocurrency for trading.

“Let’s encourage Robinhood to be the first traditional brokerage to get on this train,” read the petition, while mentioning that adding Dogecoin (DOGE) has been a “huge success” for the trading platform and its investors.

“Shiba Inu is a similar meme coin with genuine potential,” the petition continued.

A staggering 62% of Robinhood’s second-quarter cryptocurrency transaction-based revenue was attributable to Dogecoin.

Counting Dogecoin, the popular commission-free investing platform currently supports a portfolio of seven cryptocurrencies for trading.

Shiba Inu recently surpassed 730,000 holders, according to block explorer and analytics platform Etherscan, and while the number is constantly on the rise, the Robinhood listing would give it a substantial boost.

A strong retail user base

“230,000 signatures, and still running. Congratulations guys. You did it. Webull has gotten there first, and already listed Shib.  All indications are that Robinhood will soon follow,” wrote Tristan Luke, who started the petition, in this week’s update.

The petition, which recently surpassed 246,000 endorsements and continues gunning for a 300,000 milestone, reflects Shiba Inu’s strong retail user base, which can also be gauged on social media platforms.

The token’s official Twitter account has recently surpassed one million followers and continues counting new arrivals, as the project continues incentivizing inclusion.

Following this week’s launch, the project’s NFT collection consisting of 10,000 “lovable creatures,” called Shiboshis, sold out in 35 minutes.

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