Commission-free investment platform Robinhood has finally listed Shiba Inu (SHIB) after months of petitions and concern over whether crypto traders would ever see this day.
The number of investors eager to buy Shiba Inu Coin has increased significantly after the revelation of the long-awaited listing. Notably, on April 12, the token saw a rush of capital, with $1 billion streaming into the digital asset in less than an hour.
The dog coin spiked from $12.55 billion to $13.75 in just under an hour, adding $1.2 billion to its market capitalization, according to CoinMarketCap.
Currently, the price of the SHIB token is up 8.5% in the last 24 hours on the development, outpacing the rest of the leading cryptocurrencies despite the recent lackluster market activity.