SHIB Endorsed by Robinhood in Recent Major Tweet

Meme Coins: The Rise of Shiba Inu and Dogecoin

Robinhood, a popular investment platform that supports cryptocurrencies, has released a historical account of the emergence of top meme coins, focusing on Shiba Inu and Dogecoin.

Dogecoin: Setting the Precedent

Dogecoin was created in 2013 as a parody of Bitcoin, inspired by the popular Doge meme. It was built on the Litecoin fork and aimed to make cryptocurrency more accessible and enjoyable.

Despite its humorous origins, Dogecoin gained traction and became широко used for tipping and charitable donations. Robinhood notes its notable role in funding the Jamaican bobsled team for the 2014 Winter Olympics.

Dogecoin's success set the stage for future meme coins, demonstrating the power of community-driven tokens.

Shiba Inu: Resurging the Meme Coin Meta

Shiba Inu, a meme-inspired token created in 2020, took the concept of community-driven cryptocurrency to new heights. Designed to be more decentralized than Dogecoin, it launched without direct leadership.

Within a short timeframe, SHIB expanded to platforms like ShibaSwap DEX and was listed on major cryptocurrency exchanges, including Binance. This resurgence of the meme coin meta marked a new precedent.

Mega DOGE Transfer to Robinhood

Whale Alert has detected several large-scale transfers of Dogecoin, amounting to approximately $250 million, from the anonymous address -1wwKF to Robinhood. These transfers, totaling 1.45 billion DOGE, suggest a significant increase in DOGE holdings on the Robinhood platform.