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Petition for Robinhood to List SHIB Now Reached 510k Signatures

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  • Reports show that Shiba Inu has set a new record as a petition asking Robinhood to list the coin.
  • SHIB army proves to be strong as the signatures have now reached more than 510,000.
  • Will this make Robinhood list the fastest-growing memecoin by the end of the year?

The fastest-growing meme coin, Shiba Inu (SHIB), does not stop in making its presence known in the crypto space. The most recent is the increasing uproar for Robinhood Markets Inc. to list Shiba Inu on its platform.

In detail, there is a petition on Change.org asking the platform to, as mentioned, list SHIB. At the time of writing, reports say that the petition has now reached more than 510,000 signatures. Watcher.Guru — a prominent Twitter account sharing news about crypto and NFTs — tweeted about this.

The last few months have been a good time for the SHIB community. Several crypto exchanges have seen the potential of SHIB and listed the coin on their platforms like Coinbase Pro, as well as Binance, and recently, Kraken.

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All these drove the coin towards its ATHs. Moreover, the petition at Change.org can definitely be seen as a factor in this.

On the other hand, Robinhood Chief Executive Officer — Vlad Tenev, noted that the company is “carefully considering adding new coins to its offerings”. He added,

We feel very very good about the coins that we’re currently listing on our platform and any new coins that we add we want to feel equally, if not more good.

Indeed, the SHIB army proves to be strong as its community is significantly growing. With that said, even with this great number of signatures in a petition, we are yet to see how Robinhood will decide on this matter. For sure, the SHIB community is hoping for the best. Right now, all the public can do is wait and see.

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At press time, SHIB still sits at 11th rank at CoinMarketCap and trades at $0.00005784.

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SHIB Community Burned About 2 Billion SHIB in November

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There have been a total of 7,409,202 $SHIB tokens burned and two transactions in the last hour.

According to shibburn, the SHIB community, dubbed the “SHIB Army,” burned about two billion SHIB in November. A total of 410,298,489,440,804 of the one quadrillion initial supply has been burned. Tokens that are burned are permanently removed from circulation. The decrease in circulating supply is predicted to raise the price of Shiba Inu in this instance.

According to Shiba Inu’s burn tracker, shibburn, a total of 410,296,586,422,853 SHIB tokens (41.02966%) have been burned from the initial supply of one quadrillion at the beginning of November.

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As of Dec. 1, this number had grown to 410,298,449,011,405 (41.02984% of the initial supply), representing a near 1.9 billion increase in tokens burned within the time frame.

Shiba Inu is about to undergo significant alterations that are likely to increase its value and boost its price. Shytoshi Kusama, the SHIB team’s lead developer, recently discussed the potential of Shiba Inu’s gameplay expanding into the “Metaverse.”

Gaming will also facilitate the burning process, as in-app purchases made from the Shiba Inu game will be used to burn a large amount of SHIB to lower the token’s supply. Currently, the SHIB supply is burned only when the owner of a Shiboshi NFT pays $100 in SHIB to change the NFT’s name.

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SHIB is trading at $0.00004230 as of press time.

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Shiba Inu Has Become Mainstream, Says Mark Zuckerberg’s Sister

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There’s room for two canine coins, according to Randi Zuckerberg

Randi Zuckerberg, a sister of Meta CEO Mark Zuckerberg, has recorded a short explainer about canine meme coins, which has been published on her official YouTube channel.

In her video, she weighed in on the surprising success of “Dogecoin killer” Shiba Inu, claiming that the token has gone mainstream.

Despite the rivalry between Dogecoin and Shiba Inu, Zuckerberg believes that there’s room for both of these canine coins:

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I didn’t even know there was room for one of those, but apparently there’s room for two.

The former Facebook spokesperson also mentioned numerous spinoffs of the two “flagship” canine coins, including Dogelon Mars.

She then recommended her viewers to “have some fun” with their crypto but not to bet their farm on meme coins, channeling the advice of Tesla CEO Elon Musk.

Earlier this week, Zuckerberg, a long-time crypto proponent, joined cryptocurrency exchange Okcoin as a member of its brand advisory council.

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Ethereum Whale Buys Another 28 Billion SHIB Coins

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“Gimli,” ETH whale, recently bought 28,236,296,316 SHIB ($1,169,829 USD)

Ethereum Whale ”Gimli” just bought another 28 billion SHIB coins worth a staggering $1.1 million, according to Whale Stats. Despite declines in the Shiba Inu price of late, either whales or large entities are taking the opportunity to accumulate more of the SHIB token.

The famous whale “Gimli” appears to admire Shiba Inu to the point of accumulating SHIB at every opportunity. On Nov. 30, U.Today revealed that the anonymous whale purchased a further 24.8 billion SHIB tokens valued at $1 million.

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Transaction Details
Transaction Details, Courtesy: WHALESTATS

Overall, the famous ”Gimli” whale now holds 1.2 trillion Shiba Inu coins worth a whopping $52.9 million.

Shiba Inu returned to the spotlight after its 40% rally as Kraken became the latest exchange to allow trading of the Shiba Inu token. Pressure on Robinhood to list Shiba Inu keeps mounting as a Change.org petition in favor of this listing has more than 542,000 signatures at the time of writing.

Shiba Inu was exchanging hands at $0.00004130 as of press time.

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