Here’s how Shiba Inu is doing on Robinhood

Sahana Kiran
Shiba Inu
Source – Unsplash

Time and again the Shiba Inu [SHIB] Army has proved to be stronger than ever. However, the listing of SHIB on the prominent trading platform, Robinhood was definitely a significant landmark. After the increased interest in Dogecoin [DOGE] on the platform, the Shiba Inu community wanted its favored token listed as well. Therefore, a plethora of tweets and even a petition was put in place urging Robinhood to list the meme coin. Finally, on the 12th of April 2022, SHIB secured one of the most sought-after listings.

Soon after this, SHIB went on to bag significant gains. Now, elevating the presence of Shiba Inu and other cryptocurrencies, Robinhood made a recent announcement.

With this, eligible users would be able to employ Robinhood’s crypto wallet feature. This service went live earlier this year and now users would be able to send and receive cryptocurrencies. The latest announcement notes that SHIB would retain its value as Robinhood wouldn’t be charging for transfers.

At present, Robinhood has listed over eleven cryptocurrrneices. This includes Bitcoin [BTC], Ethereum [ETH], Solana [SOL], Dogecoin [DOGE], Shiba Inu [SHIB], Polygon [MATIC], Litecoin [LTC], Bitcoin Cash [BCH], Ethereum Classic [ETC], Bitcoin SV [BSV], Compound [COMP] and its latest addition Chainlink [LINK].

With burns playing a major role in the Shiba Inu ecosystem, several speculated that Robinhood would soon venture into this arena as well.

Shiba Inu holder count could soon break its previous records

Shiba Inu’s social media game is truly impeccable. The significant amount of following that the network has gives other popular crypto projects a run for their money. This fervor is reflected in its holder count as well.

Throughout the bear market, SHIB’s holder count has been on an uptrend. Now, as its price witnesses respite, the number of unique addresses has once again shot up. At present, the holder count of SHIB was at a high of 1,196,405.


In addition to this, Shiba Inu was trading for $0.00001111 with a daily surge of 6 percent, at press time.