Dogecoin’s rival Shiba Inu has surged to its All-Time High (ATH) of $0.0000455 on the 24th. According to data site Messari, the Shiba Inu coin was at its peak at 11:20 AM UTC, surpassing 50% from its previous ATH of $0.0000388 recorded on May 10.
At press time, prices have returned to $0.0000386, down from 7.07% in the past 24 hours.
The price hike came amid recent rumors suggesting the potential listing of Shiba Inu on popular investment app Robinhood. The rumors first came to light after crypto-analysis website CoinMomo said that the coin would be listed on the app on Monday.
However, at the time of writing, there has been no confirmation from Robinhood on its alleged plans to list the meme coin.
Earlier this month, Shiba Inu saw a massive rally after an anonymous whale bought trillions of Shiba Inu coins.
However, this time the rally was cut short after Elon Musk took to Twitter to clarify that he does not own any amount of Shiba Inu. Replying to a Twitter account named @ShibaInuHodler who asked how much $Shib is Elon Musk holding, the Tesla CEO simply said “none”.
— Shiba Inu (@ShibaInuHodler) October 24, 2021
Even though the rally ‘to the moon’ abruptly ended, prices remained high making Shiba Inu the 13th largest cryptocurrency by market capitalization.