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Benzinga
Benzinga
Business
Samyuktha Sriram

Dogecoin Or Shiba Inu? Robinhood Posts Dog Meme On National Best Friend Day

Robinhood SHIB DOGE Dogecoin Robinhood Markets, Inc. Crypto

A meme posted from Robinhood Markets Inc’s (NASDAQ:HOOD) Twitter account on Thursday had the Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) communities deliberating which dog-themed crypto had featured alongside the Robinhood CEO.

What Happened: Popular retail brokerage Robinhood Markets Inc (NASDAQ:HOOD) shared a meme featuring CEO Vlad Tenev and a Shiba Inu dog wearing matching green sweaters.

“SHIBA INU OR DOGECOIN?,” asked one user on Twitter, while most members of the SHIB and DOGE communities came to their own foregone conclusions about which token had been featured.

Last year, Dogecoin was pivotal to the success of Robinhood as a trading platform for cryptocurrencies. The meme-based cryptocurrency accounted for 62% of Robinhood’s $233 million of crypto revenue in the second quarter of 2021.

Meanwhile, rival meme coin Shiba Inu only began trading on Robinhood this April after an overwhelming number of calls from the community to see it listed on the platform.

Price Action: According to data from Benzinga Pro, DOGE traded at $0.08, down 89% from its all-time high, at the time of writing. SHIB traded at $0.00008616, down 87% from its peak price.

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