Shiba Inu [SHIB] might soon land itself in one of the US’s iconic online electronic retailers. RadioShack recently posted a query on its Twitter handle tagging Shiba Army asking if it should accept the meme coin.
Users were quick to respond with affirmatives.
“At this point, is that even a question? Hell yeah!!”, “Always a good idea to keep up with the trends, correct? Do it! List shib!”, “The SHIBARMY welcomes anyone that wants to join our ranks. That would be a huge YES!”, etc are some of the replies.
RadioShack, formerly RadioShack Corporation, is a retail firm founded in 1921 by two brothers named Theodore and Milton Deutschmann as a supplier of the then-emerging area of amateur radio.
Over time, it grew to become a giant electronics retailer in collaboration with Tandy Corporation and now operates stores in the United States, Mexico, United Kingdom, Australia, and Canada.
Besides those territories, the retailer licensed other firms to use the RadioShack brand name in parts of Asia, North Africa, Latin America, and the Caribbean.
After its bankruptcy and subsequent acquisition, RadioShack decided to jump on the crypto bandwagon launching its own crypto exchange Radio Shack Swap. It also rolled out its native token called RADIO.
That said, the latest development would undoubtedly act as a major booster in Shiba Inu’s adoption.
Recently the popular token was accepted by another homegrown cryptocurrency exchange Bittrex as reported by TronWeekly. Late in June, the Switchere Exchange also announced the listing of the SHIB, LEASH, and BONE trio.
Shiba Inu’s Price Has Retraced
The meme coin has been dominating the top position as the largest token position by dollar value among the largest ETH whales.
Even though the Ethereum whales are still holding on to their Shiba Inu reserves, it still could not impact the price of the cryptocurrency.
At the time of writing this post, SHIB’s value dropped by 2.2 percent to trade at $0.000010, giving the 14th-ranked asset a market valuation of $5.81 billion.
As a result, there have been massive losses among the holders of the token.
Data from IntoTheBlock showed that the vast majority of SHIB investors have been drowning in losses currently, with only 24% of these investors in the profit territory.