On the Change.org website, two petitions appeared at once, where investors and the Shiba INU community are asked to list a meme coin on the Coinbase and Robinhood platforms. The petition in favor of listing the token on Robinhood was created by investor Tristan Luke, who believes in the potential of the coin and believes that SHIB can repeat the success of Dogecoin.
“This is a coin with real potential. In two weeks it has grown by 2000! The Binance crypto exchange has added the Shiba token to the listing, and its dynamics is growing every hour. Half of the users, when we go to the trading forums, ask: “How can I buy Shiba! ?? “”, – said in the petition.
To date, the petition has been supported by over 63 thousand users.
The second petition, published by user Caleb Schricker, is directed to the management of the cryptocurrency exchange Coinbase. Holders of the meme coin are asked to include the token in the listing of this crypto exchange.
“We would like to see the coin featured on Coinbase, this will make it easier for newbies to buy the coin and make it more accessible to those who are already investing in other crypto assets,” the document says.
Over 10 thousand people signed the petition in a week. Most likely, users expect that after the listing of the token on Coinbase, the price of the asset will go up sharply, as was the case with other cryptocurrencies. In the cryptocurrency community, this is called the “Coinbase Effect.”
Dog racing: what happened to tokens after the global distribution
The Shiba INU token was the most high-profile discovery in May. In just a few days, the trading volume of the meme coin exceeded $ 20 billion, and a number of large exchanges listed the token out of turn. The Shiba INU phenomenon was talked about at every turn, and retail investors were buying up coins. But after Vitalik Buterin got rid of SHIB, the “dog” tokens pressed their tail.
The fall in the price of bitcoin and a number of altcoins pulled all the meme coins down. The Shiba INU token dropped from the 13th line of the CoinMarketCap rating to 32nd, having lost almost 30% in trading volumes. As of this writing, SHIB can be purchased for $ 0.000009. During the day, the coin fell by almost 10%.