SHIBA INU (CRYPTO: SHIB) investors are reporting not being able to trade the token on Coinbase Global Inc’s (NASDAQ:COIN) Pro platform.
What Happened: High-activity posts on r/SHIBArmy, with hundreds of comments, a Reddit forum dedicated to the so-called Dogecoin (CRYPTO: DOGE) Killer coin, pointed to Coinbase Pro technical issues.
See Also: How To Buy Shiba Inu (SHIB)
Screenshots of Discussions on r/SHIBArmy Reddit Forum
Coinbase Support tweeted that they were aware customers were having trouble loading pages and logging into their mobile apps. In a separate update, the support handle said they had seen “some improvement” after putting in a fix.
We’re seeing some improvement after putting in a fix, but we’re still monitoring and we know that some customers may need additional help. We appreciate your patience as we continue to work through this.
— Coinbase Support (@CoinbaseSupport) October 7, 2021
Coinbase acknowledged that some customers may “need additional help.”
Hi Mike, apologies for the frustrating beginning here. We’re working as fast as possible to restore service back to normal, and we’ll let you know as soon as we get there!
— Coinbase Support (@CoinbaseSupport) October 7, 2021
A Coinbase spokesperson directed Benzinga to Coinbase Support’s Twitter handle when asked for details about the issues. Further inquiries did not elicit a response as of press time.
Why It Matters: SHIB has been on a tear rising 69.92% over 24 hours to $0.00003117. The coin has appreciated 339.10 over a span of seven days.
See Also: Bitcoin Dominates Ethereum, Dogecoin Gains And Shiba Inu Extends Eye-Popping Rally
SHIB’s all-time high of $0.0000388 was reached in May this year and the token is trading 16.5% below that mark at press time.
SHIB was the most discussed coin on Twitter at press time and was mentioned in 14,013 tweets, as per Cointrendz. The coin also trended on Coingecko and Stocktwits. The purchase of trillions of tokens by an unnamed crypto whale sent SHIB soaring this week.
Other drivers of price were listing on Coinbase and Coinbase Pro and a growing buzz that the coin may be listed on Robinhood Markets Inc (NASDAQ:HOOD).
Read Next: AMC Begins Accepting Dogecoin For Digital Gift Cards
