Shiba Inu (SHIB) Holders Review Bomb Kraken App - Here's Why

Shiba Inu Coin hodlers have review-bombed Kraken after the cryptocurrency exchange did not list SHIB earlier this week.

Kraken sits at a 1.1 rating on the Google Play Store. However, it still has a 4.4 rating on the App Store.

On November 1, Kraken tweeted it would list SHIB the day after if its tweet reached 2000 likes. It has reached 81,000 likes with the exchange then pulling back from its next-day listing. Instead, it acknowledged the Shiba community response and stated, “There’s more work for us to do as we move through our listing review process.”

Advertisement

Why Shiba Review Bombed Kraken

The Kraken review bomb comes after SHIB experienced one of its largest price drops since May. At the time of writing, SHIB is priced at $0.00005029 - down 26% in the last week.

While whale activity seems at least partially responsible for the sell-off, some in the ShibArmy attributed this to Kraken failing to list SHIB. They criticised the exchange for building up hype from SHIB hodlers for engagement.

However, other members of the Shiba community, including a moderator of the official Discord server, pushed back against the “mob mentality” of review bombing. Instead, they said this energy is best spent on more positive engagement.

Kraken’s Crypto Platform Product Lead, Brian Hoffman, tagged in Kraken’s initial SHIB tweet, said: “Don't hate, relate. I've always been on the side of crypto so focus your energy positively. We're all in this boat together.”

Advertisement

Similar to Kraken, hodlers also review bombed CoinMarketCap over allegations that the coin tracker incorrectly changed the SHIB circulating supply. The Binance-owned app has a rating of 1.8 at the time of writing.

While a Kraken listing would make SHIB easier to buy for the seven million users on the exchange, for current hodlers, the increased adoption by new platforms could trigger a price increase. Despite SHIB being available on Binance, Coinbase, and Crypto.com, a petition for Robinhood to accept SHIB has almost 500,000 supporters.

Read More: Shiba Inu Coin Burned 700 Million SHIB Last Week - Is It Enough?

[Image: Ferhat Deniz Fors/Unsplash]