Robinhood gives away $100k worth of SHIB to 10,000 users

Robinhood app has listed altcoin Shiba Inu (SHIB) after a series of petitions from fans of the meme token, aside from the listing, the platform announced it is giving away $100k worth of SHIB to 10,000 of its users.

After recently announcing the addition of Shiba Inu (SHIB), as well as Solana (SOL), Polygon (MATIC), and Compound (COMP), commission-free investment platform Robinhood has revealed that its members would be getting even more.

Indeed, after announcing SHIB's launch on Twitter, the investing platform said that it will give away $100,000 worth of SHIB to 10,000 subscribers.

“We dropped new crypto. And we’re giving away $100K of it. Quote tweet this tweet with your Robinhood Username (@ included!) to get some. The first 10K quote tweets will receive $10 of SHIB.”

To be eligible to win, users must be among the first 10,000 customers to retweet the giveaway link, with the deadline for participation set for April 12, 2022, at 6 p.m. Eastern Time. The incentives, in particular, will be available for redemption on the app within 24 hours of the retweet.

SHIB's market capitalization increases by $1B

The meme coin received a flow of capital from crypto traders wishing to buy Shiba Inu Coin after the announcement, and the internet was ablaze with enthusiasm.

According to CoinMarketCap, $1 billion poured into the digital currency in less than an hour, with the dog coin rising from $12.55 billion to $13.75, adding $1.2 billion to its market value. SHIB is currently trading at $0.00002761, up 19.4% in the last 24 hours and 5.52 percent over the past seven days.