Shiba Inu Rallies 35% After Robinhood Listing

Shiba Inu (CRYPTO: SHIB) saw its price spike after being listed by Robinhood Markets Inc (NASDAQ:HOOD) on Tuesday.

What Happened: According to data from Benzinga Pro, SHIB rallied 35% to an intra-day high of $0.00002977 after Robinhood announced that it had finally listed the meme-based cryptocurrency.

At the time of writing, SHIB was still up by 20% over a 24-hour period and was trading around $0.00002671. The meme token saw a 440% surge in daily trading volume which exceeded $4 billion at press time.

The massive uptick in trading volume made SHIB the most traded cryptocurrency over the last day, excluding Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and stablecoins.

Robinhood appears to have finally answered the calls to list SHIB from a plethora of users. As of December 2021, a public petition to list SHIB had garnered over 540,000 individual signatures.  

The meme-coin has now been listed on almost every major platform, including Coinbase Global Inc (NASDAQ:COIN), and is accepted by major retailers like AMC Entertainment Holdings Inc (NYSE:AMC) and Newegg Commerce Inc (NASDAQ:NEGG).