The Shiba Inu coin soared to its highest level yet as a petition to offer the digital token on Robinhood Markets Inc. on its platform has gained steam, Bloomberg reported.

  • SHIB has climbed 13% in the past 24 hours to hit a market value of nearly $24 billion, with the token now the 11th biggest cryptocurrency. The token has seen volatility after Elon Musk disclosed that he had no SHIB holdings.
  • A petition seeking to have SHIB listed on Robinhood has already gathered over 326,000 signatures, with Chief Executive Officer Vlad Tenev saying the company is “carefully” looking at new offerings.
  • Tenev said Robinhood feels “very, very good” about the coins currently listed on the platform and wants any additional offerings to feel equally good, if not better.

Robinhood last month announced plans to offer crypto wallets that will allow investors to send and receive digital tokens. SHIB is up 16.46%.