Robinhood Opens Discussion On Shiba Inu History: What’s Cooking?
Robinhood Crypto, the crypto subsidiary of prominent online brokerage firm Robinhood, has initiated a discussion on Shiba Inu on X. In a series of X threads tagged, Let's Talk SHIB - One of Crypto's More Popular Stories," Robinhood highlighted key historical events about Shiba Inu.
The post attracted several reactions from the SHIB community. Some suggested that the platform integrate other Shiba Inu ecosystem-based tokens like BONE and LEASH.
Robinhood Discusses Shiba Inu Historical EventsOn September 12, Robinhood Crypto Europe stirred the crypto space with its thread of X posts about Shiba Inu. In the post captioned: Let's talk SHIB - one of crypto's more popular stories,"Robinhood narrated the advent of Shiba Inu.
Interested in getting your hands on some $SHIB?
Trade $SHIB and more of your favorite coins on Robinhood Crypto today!
Find our full list of supported crypto here: https://t.co/7RPwXtY9Dm
- Robinhood Crypto EU (@RobinhoodCrypto) September 3, 2024
It pointed out that the project's pseudonymous creator, Ryoshi, founded Shiba Inu on July 31, 2020. The project launched with an initial supply of 1 quadrillion SHIB coins.
Robinhood discussed the intrinsic design nature of Shiba Inu, noting that its development team handed the SHIB community 100% governance over the project. This aspect of Shiba Inu conforms with its commitment to decentralization.
Robinhood also recalled that Ryoshi gave Ethereum co-founder Vitalik Buterin 50% of SHIB's initial supply, which amounted to 50 trillion tokens. It discussed other projects and achievements within the Shiba Inu ecosystem.
It highlighted that since SHIB's launch, other projects have followed, such as the Layer-2 scaling blockchain Shibarium, Shib: The Metaverse, the ShibaSwap decentralized exchange, and others. Moreover, the team is working to launch an NFT marketplace within the Shiba Inu ecosystem.
Robinhood's discussion reflects the overall outlook of Shiba Inu, which includes remarkable feats and strong community leadership and engagement.
In November 2023, Robinhood expanded its trading presence to Europe by launching Robinhood Crypto Europe. Amid its strict listing processes, Robinhood listed SHIB among other crypto tokens for trades.
#Robinhood has announced its plan to expand #crypto trading to the EU and roll out a UK brokerage. The company is a top trending subject on crypto platforms, and is likely another #bullish event due to increasing exposure to new traders & investors. https://t.co/zoOykFlanE pic.twitter.com/fBnHqYYHFr
- Santiment (@santimentfeed) November 9, 2023
The platform's US arm first listed SHIB in April 2022 before the token was extended to other markets. Similarly, the European-based arm added Shiba Inu after kicking off.
We dropped new crypto
And we're giving away $100K of it. Quote tweet this tweet with your Robinhood Username (@ included!) to get some
#RobinhoodCrypto
The first 10K quote tweets will receive $10 of SHIB. pic.twitter.com/0jsBKYfJvw
- Robinhood (@RobinhoodApp) April 12, 2022
Data from Etherscan revealed that Robinhood is among the biggest SHIB holders, with over 47 trillion SHIB in its holding.
SHIB Community Shows Excitement Over Robinhood's DiscussionThe Shiba Inu community reacted excitedly over Robinhood's discussion on SHIB. Some community members requested the platform to integrate the Layer-2 network Shibarium. Others suggested listing other Shiba Inu ecosystem tokens, such as LEASH and BONE, on the Robinhood platform.
Meanwhile, Shiba Inu has experienced meteoric growth since its launch. Though a memecoin, SHIB has proven its stance in the crypto market, exceeding many expectations.
Vitalik Buterin, Ethereum's co-founder, disclosed that he never believed that SHIB would strive so far within the industry.
It's the same situation as with cryptorelief: I quickly sent a pile of SHIB, thinking it would surely drop 100x in a few days so I had to act fast, and expecting they would be able to cash out at most like $10-25m. But of course SHIB massively outperformed my expectations...
- vitalik.eth (@VitalikButerin) March 26, 2024
In May 2021, Buterin incinerated 410 trillion SHIB he received from Ryoshi and later donated the rest to charity. He noted that the meme coin's performance has exceeded his expectations.
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