'Dogecoin Killer' Shiba Inu Burn Rate Spikes 2,092%, Robinhood Adds SHIB Trading For New York Residents
Portfolio Pulse from Khyathi Dalal
'Dogecoin Killer' Shiba Inu (SHIB) sees a 2,092% burn rate spike and is now available for trading on Robinhood for New York residents. K9finance becomes the official LSD for Shibarium, aiming to boost its network's value and trading volume. Shibariumscan and IntoTheBlock data show significant growth in contracts and transaction volumes, indicating increased activity and interest in SHIB.
April 25, 2024 | 4:12 pm
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POSITIVE IMPACT
Robinhood adds Shiba Inu trading for New York residents, potentially increasing user engagement and trading volume on the platform.
By adding Shiba Inu trading for New York residents, Robinhood is likely to see an increase in user engagement and trading volume. This move taps into the growing interest in meme coins and could attract new users to the platform, positively impacting Robinhood's stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80