- Kraken said it would list
shiba inu on its platform on Tuesday if the idea got 2,000 Twitter likes. - The "SHIBArmy" quickly hit the target, but the coin has not yet appeared on the
crypto exchange. - The dogecoin-inspired token's price has shot up recently, thanks in part to Elon Musk's tweets.
The crypto exchange Kraken signaled it was planning to list
The company called on the token's fans to back the idea in a poll posted to Twitter on Monday. The Kraken product lead Brian Hoffman would add shiba inu to its cryptocurrency roster if it got 2,000 likes, it said.
"@brianchoffman said if we get 2,000 likes we will list $SHIB tomorrow - but he doesn't think we can do it. #SHIBArmy where you at?" the company said in the tweet.
The SHIBArmy - the die-hard fans who have driven the token's record-setting rise - showed up in full force with more than 58,700 likes and 14,500 retweets as of Tuesday morning. They hit the target in less than 20 minutes.
But shiba inu did not appear to have been added to Kraken's platform yet, and the company did not respond to a request for comment. The online crypto exchange, one of the biggest in the world, already lists 93 assets, including the market leader bitcoin and the popular altcoins cardano and solano.
The dogecoin-inspired token's fans on Twitter urged people to "make some noise" for Kraken, welcomed newcomers to the army, and said they expect shiba inu to rally more.
Investors have been riding high on shiba inu's recent rise. Its price has risen more than 900% in the past month, lifted by the enthusiasm of fans and in part by tweets from Tesla CEO Elon Musk, who owns a shiba inu puppy.
On Tuesday, though, its price was down 2.4% from 24 hours ago, to stand at $0.00006973.
Not everyone in crypto thinks shiba inu is a great investment.
"Memes are more like lottery tickets than an investment," James Butterfill, an investment strategist at the crypto product platform CoinShares, told Insider.
He said shiba inu lacks fundamentals or potential end use and therefore should not be taken seriously.
"We believe it is very difficult to grasp when the meme will capture the imagination of investors and should therefore be looked at with extreme caution," he said.