- Shiba Inu reaches a new all-time high of $0.00005806.
- An anonymous whale bought 277 million SHIB tokens.
- A petition on change.org asking Robinhood to list SHIB has gained over 300,000 signatures.
Shiba Inu, the rocketing meme coin, has hit a new all-time high today. The 11th biggest crypto in the industry reached $0.00005806 today, less than a day after its previous ATH.
This overnight jump in SHIB price came after an anonymous whale had purchased 277 billion SHIB tokens on Monday evening, valued at $11 million. SHIB is currently trading at $0.00005261.
Shiba Inu went up by 650% in October, also recording the most extensive circulating supply in the industry. Binance reported that SHIB currently holds a total supply of one quadrillion and a circulating supply of 100%.
Traders are jumping in on the hype. Earlier today, a petition on Change.org received more than 326,000 signatures asking Robinhood, one of the biggest financial services company to list Shiba Inu in its crypto exchange.
What’s causing this rise of Shiba Inu?
Earlier this month, Elon Musk started the SHIB hype by tweeting a picture of his Shiba Inu puppy. However, Shiba Inu has been gaining a lot of traction in the market since early July.
In July, the Doge-inspired meme coin released their DeFi platform, ‘ShibaSwap,’ to trade and exchange the 3 leading coins in the Shiba Inu ecosystem (SHIB, BONE, LEASH).
There’s also the factor that the first-ever Shiba Inu NFTs launched on ShibaSwap earlier this month were sold out in less than 30 minutes. This also caused a massive spike in the SHIB trading volume.
Just weeks ago, Robinhood released a survey asking users which crypto they bought in the last 3 months. Shiba Inu was among the 10 listed coins in the survey. This led to the viral speculation that Robinhood will list SHIB in its crypto exchange very soon.
Just days ago, Elon Musk said that he expects Shiba Inu to reach $1.20 by the end of October during a Youtube Live interview. While experts have labeled Musk’s expectations “Too Ambitious,” SHIB certainly has the momentum in its favor.
With the new $11M investment from a crypto whale overnight, SHIB is undoubtedly on a fiery track. As it seems, for now, the sky is the limit for this meme coin.
Is the Robinhood listing of SHIB imminent?
The petition circulating all over social media has undoubtedly caught the attention of Robinhood. Traders are relentlessly trying to raise the hype to convince Robinhood to list Shiba Inu, which will cause another huge spark in its price.
But how does Robinhood list crypto? The California-based financial company currently has only 7 coins listed on its crypto exchange.
As past listing trends suggest, Robinhood always adds new crypto listing based on circulating supply and trading volume. It followed the same formula to list Dogecoin when the first-ever meme coin broke the trading volume records in the market just months ago.
Shiba Inu has already passed the trading volume of Dogecoin and also in terms of circulating supply. However, its market cap dominance is sitting just below Dogecoin.
So, if past trends are to be considered, the stars are shining bright on the possibility that Robinhood might list SHIB very soon.
Although the possibilities are high, we have to remember that nothing is certain in this volatile market. As for now, SHIB seems to be holding tight onto its Bullish trend.
SHIB is currently trading at $0.00005261.
Healthcare Company Adds Shiba Inu to Its Balance Sheet
A Toronto-based healthcare company now holds Shiba Inu on its balance sheet.
Ask The Doctor, a Canadian online healthcare company, has added $1.5 million worth of Shiba Inu to its balance sheet, according to an announcement posted on its Twitter account.
Kraken facilitated the seven-figure buy. As reported by U.Today, Shiba Inu started trading on the San Francisco-based cryptocurrency exchange on Tuesday.
Ask The Doctor has added ~$1.5M USD (approx 31B $shib) to our balance sheet via Kraken.
We are 72 hours away from accepting #SHIB with our healthcare partners. pic.twitter.com/NHG17druCh— Ask The Doctor ® 🇺🇸🇨🇦 (@askthedr) December 1, 2021
The medical information website will also begin accepting the meme cryptocurrency with its healthcare partners within the next three days.
It already allows clients to pay with Dogecoin for certain services in the U.S. and Canada.
The Toronto-based company was launched in 2010, allowing its clients to connect with medical professionals via text messages or video streaming. Notably, its list of co-founders includes former NBA player Israel Idonije and former NBA star Dikembe Mutombo.
In 2016, Ask The Doctor started accepting Bitcoin payments, becoming the first healthcare company around the globe to embrace crypto.
The reason for adding the new payment option was to offer customers who share sensitive medical data more privacy.
Shiba Inu Coming to Brazil’s Largest Crypto Exchange
BBrazil’s Mercado Bitcoin is set to add support for Shiba Inu on the first day of December.
Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, has announced that Shiba Inu will become available for trading starting from Dec. 1.
The token is yet to be added to the trading platform at the time of writing.
The announcement was accompanied by a video of a Shiba Inu dog in military gear.
Uma das moedas que mais valorizaram em 2021 e que acumula um verdadeiro exército de seguidores💪😮
É isso aí! Amanhã, $SHIBA estará disponível no MB, com um histórico de valorização de mais de 18000%, até agora neste ano.
🚨 01/12 #shibarmy @shibtoken #shibainu pic.twitter.com/24HuhiBymA— Mercado Bitcoin (@MercadoBitcoin) November 30, 2021
After listing SHIB, Mercado Bitcoin will also add support for Cosmos (ATOM), Polkadot (DOT) and Loopring (LRC) later this week.
2TM, the parent company of the number one exchange in Latin America, raised another $50.3 million in late November. This occurred just months after raking in $200 million in July during a Series B investment round spearheaded by Japanese conglomerate SoftBank.
Last month, Korbit became the first cryptocurrency exchange to list Shiba Inu in South Korea.
Kraken, one of the world’s top exchanges, also added support for the top token earlier this week.
New Shiba Whale Buys $38 Million Worth of Tokens
Another whale appears on Shiba Network after token drops from local high and consolidates
New Shiba Inu whale appears on the network after purchasing $38 million worth of tokens. The whale newcomer has bought 850 billion tokens while it was losing 5% of its previously gained value.
The transaction was made 15 hours ago, while the token had just begun its correction and was trading at $0.000048. Such strong buying power, unfortunately, could not push SHIB further up and fuel the local uptrend.
With more whales entering the market, Shib’s fundamental background is continuously developing while the price on the market seems to struggle to break through the $0.000046 area.
Other whales also remain in the Shiba Inu sea by holding more than $2.3 billion worth of tokens while previously owning only about $1.8 billion. The change in the trend appeared shortly after the global cryptocurrency market correction.
Most whales have entered Shib with a large discount of 15% compared to the previous trading range. Whales have also become an absolute majority on the chain by buying up 72% of the circulating supply, which puts Shiba mostly in the hands of large wallets.
At press time, Shiba is trading at $0.000046 with 3% of the daily loss. Additionally, the token is losing 15% from its previous high of $0.000054. The token failed to continue its rally and is trading at the local support, while on-chain data suggest a rapid drop of trading volume, which indicates that traders have not yet decided the future direction of the asset’s price.