Shiba Inu token has managed to gain a lot of attention from the traders in the crypto community. The digital coin has had a significant amount of rally and correction during the span of the last 30 days. The Shiba Inu community is active and has been raging at full throttle even after the latest massive setback. Several Shiba Inu investors have decided to remain bullish on the said token.
Meanwhile, there are also a good number of critics who have issued warnings to the people about investing in digital tokens that offer no utility. Edward Snowden recently tweeted that Shiba Inu is not the original satirical token and it is only a mere clone of the Dogecoin project. Recently, The COO of Robinhood has addressed the media to clear the stance of her organization about the petition for listing Shiba Inu.
Robinhood to Decide About Shiba Inu After Considering Regulatory Guidelines
Robinhood Chief Operating Officer, Christine Brown, has shown a lack of enthusiasm towards the listing of Shiba Inu token on behalf of her organization. She was speaking to the media recently on the matter of the formal addition of this satirical token on the online investment platform. It is worth noting that the Shiba Inu token community has started a petition on Change.org recently.
This petition calls for the listing of the Shiba Inu token on the popular online trading platform Robinhood. It is also intriguing that this petition has managed to gain 500,000 signatures for approval by the crypto community members. However, Brown has clarified that her company is considering the regulatory guidelines for making the final decision on this matter.
Many people have dubbed Shiba Inu token the ‘Dogekiller’, and the name seems quite practical. Dogecoin is currently the 10th largest cryptocurrency by market cap. On the other hand, the Shiba Inu token has managed to become the 11th largest digital token during the last few months. Blockchain audit services provider CertiK has recently reported that Shiba Inu investors have reached 1 million recently.
Robinhood COO Christine Brown has recently told media that the company prefers the long-term interest of its clients against the short-term profit generated from listing the Doge Clone Coin. When the first canine token called Dogecoin was hyped in the market, Robinhood management listed the token. Some analysts believe that Robinhood can list the Shiba Inu token to make up for their falling revenue during Q3.