Shiba Inu (SHIB), the dog-themed crypto, is presently among the frequently discussed crypto assets throughout the market. In the scenario of the continuous upsurge of the meme coin during this month, making the latest highs after every few days, it has experienced both bearish and bullish trends from the community of cryptocurrency. A comprehensive conversation regarding the respective asset has been made over Twitter (a micro-blogging venue) along with acquiring many chief players’ attention. Jack Dorsey, Twitter’s CEO, is among the key figures regarding cryptocurrency to appear in the respective discussion.
Recently, Dorsey reflected on the sudden and significant popularity of the SHIB token as it has driven even the topmost crypto exchange across the United States to position it in its assets list. A screenshot was sent by him, in which the description of the mobile application of Coinbase included SHIB among the leading assets being traded over it, and he shared his surprise over it. Though the corresponding crypto venue Robinhood has not even now listed SHIB or shared any ideas to do it in the upcoming days, it has been more than a month for Coinbase for having continuously traded the token up till now.
The meme token was listed by Coinbase on 16th September. The bonding between Coinbase and SHIB has been mutually advantageous due to which Coinbase is providing a prominent place for it. The asset’s fame has assisted the exchange in reclaiming its dominant place on Apple Store, surpassing TikTok. It reached its peak during May, a time when the rage of Dogecoin was extremely strong throughout the market. SHIB token has been much popular as its trading volume has been attributed to the 15-minute outage experienced by the exchange on Wednesday. That was the day when SHIB excelled over $5B in the trading volumes thereof.
Dorsey is included in some billionaires who reacted over Shiba Inu. This comes following Elon Musk smashing the popularity of Shiba Inu by mentioning that he did not buy the asset. A question arises here as to whether the reaction of Dorsey towards the meme coin signifies the chances for him to take an interest in such meme tokens. However, such a possibility can only be speculated if Dorsey himself states that he owns SHIB, which he has not yet indicated. Rather, he reverted towards Bitcoin in the discussion by specifying that no asset market is more honest than Bitcoin, in his perception.