The altcoin Shiba Inu has hit a new all-time high at $0.00005361, according to CoinMarketCap.
The price of the meme cryptocurrency has risen 90% over the past week and 24.4% over the past 24 hours. The crypto's capitalization has reached $22.5 billion.
Shiba Inu's price increase comes after an anonymous investor bought 276.6 billion SHIB for $11.5 million. He currently owns 316.5 billion SHIB, which is the largest position in a portfolio.
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It is rumored that trading platform Robinhood, among whose users DOGE enjoys great popularity, may add support for SHIB. The company will hold a conference call today on its third quarter financial results. The main question for Robinhood ahead of this event was the inclusion of SHIB. Those in favor of inclusion argue:
"Many competitors have added the ability to buy and sell different cryptocurrencies, but Robinhood has not added a single new cryptocurrency in the last two years."