Remember how Robinhood servers crashed when Dogecoin soared in May 2021? The same crash could be incoming on ‘day one’ when Robinhood lists Shiba Inu.
Investors are keen to see Shiba Inu being listed on Robinhood and firmly believe that the top exchange will sooner or later get SHIB onboard. The phrase ‘Hey Robinhood, when SHIB?’ has been around for more than six months and the voices are getting louder.
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Even top Robinhood executives are unable to sit for interviews without answering questions about listing Shiba Inu.
Robinhood has close to 23 million users and most of them are eager to invest in SHIB. Even if 10% of its users decide to invest in SHIB on the day of the listing, the tally would be approximately 2.3 million people.
That’s a staggering number of investors and would open the floodgates of new investments into SHIB. When such large transactions take place on listing day, Shiba Inu could indeed crash Robinhood’s servers the same way Dogecoin did.
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Shiba Inu & Robinhood Listing
A listing could benefit both Robinhood and SHIB as it would be a win-win situation for both. Robinhood’s quarterly results are going down and so is its shares price. Its shares are now trading at $12 and are much lower than its IPO of $38. Though it reached an all-time high of $85, it’s highly unlikely it could ever get there this year.
SHIB can pull Robinhood out of its financial miseries and get it on track to generate revenues. Its Q2 results last year showed that Dogecoin generated 61% of its overall crypto revenues. However, the revenues dipped after Doge failed to spike in price during the second half of 2021. Similarly, Robinhood could see a mirror reflection of Doge’s revenues with SHIB, if they decide to get it onboard.
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Almost all top trading platforms around the world have listed SHIB except for Robinhood. 98 exchanges have got SHIB onboard and are enjoying the larger share of the revenue pie it brings to the table. Here’s the full list of exchanges that have listed Shiba Inu.
At press time, Shiba Inu was trading at $0.00002582 and is up +7.9% in the 24-hours day trade.