The past week has been an interesting one for the trading community, as several cryptos have been breaking records and reaching all-time highs. In line with this, it appears that the popular cryptocurrency trading platform known as Kraken has recently suggested that there may come a time when enthusiasts can trade Shiba Inu tokens on the platform. Naturally, this has caused even more speculation within the community about the recently-popular meme coin.
For the past couple of weeks, Shiba Inu skyrocketed in price, causing it to be the cover of countless headlines. According to CoinMarketCap, the dog-themed token was already worth $0.000068 with a market cap of $38 billion as of Tuesday, 11:30 AM ET. While it decreased by about 24% in the last 24 hours, it’s still holding most of its value from the late-October bull run.
The Shiba Inu tokens were only $0.000028 on October 23, and then by October 28, it already increased to their current all-time high at $0.000088. Now, investors are hoping that Shiba Inu will only grow larger by reaching a much bigger audience by being listed on Kraken.
That said, it’s always worth keeping in mind that crypto prices are constantly changing; they’re volatile and unpredictable, and we can never know for sure what tomorrow holds for these tokens. In fact, experts have warned enthusiasts about the major risks of investing in crypto.
In any case, the Kraken listing rumors began on Monday, after the official Kraken Twitter account posted saying that if the tweet got 2,000 likes, Shiba Inu (SHIB) will be listed on the platform. The latter half of the tweet then called out to the Shiba Inu fans (otherwise known as SHIB Army on socials) to like and retweet the post to expand its reach.
https://twitter.com/krakenfx/status/1455656082672599044?s=20
Unsurprisingly, the tweet was quick to surpass the 2,000 goal. As of this writing, the tweet already has 17.5k regular retweets, 1.8k quote retweets, and 75.6k likes. To escalate the situation further, Kraken announced on its website’s status page that it will be undergoing scheduled maintenance on Tuesday from 10 PM through 10:15 PM UTC. That’s right, the maintenance will only be approximately 15 minutes.
This has caused the community to speculate and theorize that the maintenance has something to do with the listing of Shiba Inu. Although at this point, all we have are speculations and nothing is concrete as of yet. We’ll have to wait and see if Kraken really will list the popular new meme coin.
