A few Hours Ago Top Whales Bought 393B Shib, And Now Robinhood List Shiba Inu.
We dropped new crypto 👀
And we're giving away $100K of it. Quote tweet this tweet with your Robinhood Username (@ included!) to get some 🪙 #RobinhoodCrypto
The first 10K quote tweets will receive $10 of SHIB. pic.twitter.com/0jsBKYfJvw
— Robinhood (@RobinhoodApp) April 12, 2022
Popular cryptocurrency investment app Robinhood has started adding more cryptocurrencies to its offerings, as the company lists Shiba Inu (SHIB) alongside three other coins.
According to Robinhood, aside from SHIB, they also added three new cryptocurrencies such as Polygon (MATIC), Solana (SOL), and Compound (COMP).
The development comes months after the cryptocurrency investment app declared that it would not be adding new digital currencies to its list of offerings due to a lack of regulatory clarity.
Aside from adding new coins to the platform, Robinhood noted that it would also not invest in the industry until the government provides regulatory clarity for the nascent asset class.
Interestingly, the United States government made a significant effort toward cryptocurrencies last month after the Biden administration published the much-anticipated cryptocurrency executive order.
The order mandates all relevant agencies to work together to develop regulations for the U.S. crypto industry to protect investors and foster the growth of nascent technology.
With the U.S. committed to providing clearer regulation, Robinhood has deemed it fit to add new coins.
Today there was massive whale buying also. Two top ETH whales seemed to know that shib Robinhood listing was coming. The two Biggest Whales, “Light” And “Bombur,” Scooped Up 393 Billion Shib a few hours before listing.
We have many times given our analysis that Robinhood will only launch SHIB once the exchange wallets go live, and the same happened. Robinhood’s crypto wallet went live to 2 million users just three days ago, and today the exchange list Shiba Inu.
As a result of the listing, shib is up almost 10%, currently trading at $0.00002477.