Shiba Inu Army Outraged As Kraken Fails To List SHIB Despite Promises

The Shiba Inu SHIB/USD community didn’t take well to Kraken’s decision to not list the token on its crypto trading platform.

What Happened: In a tweet on Monday, U.S.-based crypto exchange Kraken promised to list Shiba Inu on Nov. 2 if it managed to get 2,000 likes on the tweet.

The tweet in question managed to generate 2,000 likes within minutes of being posted and now has more than 81,000 likes. Still, Shiba Inu traders were disappointed to note the coin had not been listed even on Nov. 3, despite the exchange’s promise.

On Wednesday, the exchange confirmed that it would not in fact be listing Shiba Inu on account of having “more work to do” in its listing review process.

Shiba Inu supporters were outraged at the exchange reversing its decision to list the cryptocurrency and took to Twitter Inc TWTR to show their displeasure.

Users claimed that the false promises would hurt Kraken’s credibility as a crypto exchange with some users deciding to move funds over to Coinbase Global Inc COIN as a result of Kraken’s actions.

Price Action: Shiba Inu dropped by 20.21% in the last 24 hours after a large holder moved 40 trillion tokens across the blockchain. At publication Thursday morning, the coin was trading at $0.00004938 with a trading volume of $8.8 billion.

It now ranks 11^th in terms of market cap, falling below its rival Dogecoin DOGE/USD which is currenlty in the 9th spot with a market cap of $34 billion.

Photo by Brock Wegner on Unsplash