Here's Why The Shiba Inu Army is Outraged With Robinhood
The Shiba Inu ($SHIB) Army is a force to be reckoned with, known for their passionate support and dedication to the meme coin. Recently, however, that passion has turned into outrage directed at Robinhood. Why? Let's delve into the key reasons.
The Long Wait and Unfulfilled Promises
The SHIB Army has been waiting for Robinhood to list Shiba Inu for quite a long time now. Right from starting social media campaigns to filing online petitions, they’ve relentlessly pushed for the listing. Investors with the Shiba Inu cryptocurrency coin have been clamouring for Robinhood to host SHIB on its platform, believing it would significantly boost the coin's visibility and value.
Robinhood's Ambiguous Stance
Despite the intense pressure and public demand, Robinhood's response has been perceived as lukewarm. Robinhood may not require the Shiba Inu digital token on its platform after all, according to the business. This uncertainty has fueled frustration within the Shiba Inu community.
Rumors and Delayed Listings
The anticipation reached fever pitch when rumors suggested a listing was imminent. While Robinhood finally responds to the Shiba Inu Army (according to cryptocurrency advisor Christine Brown), the actual listing has been a long time coming. Apart from Shiba Inu, Robinhood also added Solana, Polygon's Matic and Compound's Comp, further highlighting the perceived delay with SHIB.
The 2.2T SHIB Transaction and Subsequent Plunge
Despite Robinhood’s massive 2.2T SHIB transaction, the 13-ranked meme coin plunged by over 75% in combined orders on Spot markets over the past 24 hours. This dramatic drop, occurring after what seemed like a positive development, has only intensified the outrage.
Suspicious Wallet Activity
In the past 24 hours, data sleuths have discovered a staggering increase of 230 billion SHIB tokens in Robinhood’s wallet, sparking speculation and curiosity among the community. This large accumulation has led to theories ranging from insider trading to manipulation, further eroding trust in the platform.
Conclusion: A Fractured Relationship?
The combination of delayed listings, ambiguous statements, and suspicious wallet activity has created a perfect storm of outrage within the Shiba Inu Army. The future of the relationship between the SHIB community and Robinhood remains uncertain, but one thing is clear: the Shiba Inu Army is not backing down.
The We've detected that SHIBA INU $SHIB has been listed on Robinhood! announcement, if true, could significantly affect future sentiment and price action, however the previously mentioned factors continue to fuel the ongoing frustration.