Shiba Inu surged nearly 18% after Robinhood, a popular stock and crypto trading app, added support for the meme coin. Robinhood is giving away $100,000 worth of SHIB to 10,000 users. This announcement prompted Shiba Inu, the 15th biggest digital asset, to emerge as the biggest gainer.
According to CoinMarketCap, SHIB has gained 17.81% in the past 24-hours. The meme coin runs on the Ethereum network and has become a significant player in the crypto world.
As part of its promotion for adding SHIB to its growing list of digital assets on the app, Robinhood is giving away $100,000 of it. The platform is giving away $10 worth of SHIB to the first 10k quote tweets. Robinhood told its users that they can find their Robinhood username on their profile on the account page.
To take advantage of the opportunity, users have to be among the first 10,000 customers to retweet the giveaway link to be eligible to win. The deadline for the participation was April 12, 2022, at 6 pm Eastern Time. The platform highlighted that rewards will be accessible for redemption in the app within 24-hours of the retweet being made.
The promotion saw more investors turning to Shiba Inu. In less than an hour, the meme coin saw $1 billion streaming in. SHIB saw $1.2 billion being added to its market worth, it increased to $13.75 billion from $12.55 billion. The meme coin is now leading the crypto market as the highest gainer out of the top 100 cryptocurrencies by market cap.