Active users on the r/SHIBArmy subreddit admitted that there have been technical issues with Coinbase Pro, which has stopped people from trading, selling and investing in the coin, according to screenshots obtained by Benzinga.
Coinbase Support tweeted about the reports, saying that some people were experiencing loading troubles and difficulty logging into their accounts.
- “We’re aware customers are having trouble loading some pages or logging into their mobile apps. Our teams are on it and working to restore full service. Rest assured your funds are secure!” CoinBase Support said in a tweet.
- Not long after, Coinbase Support said it had “resolved the connectivity issues preventing sign in and page loading. Thanks once again for your patience today!”
The Shiba Inu cryptocurrency price has doubled in the last few days, reaching new levels of interest. According to Yahoo Finance, the price rose, in part, due to “one mysterious whale” who has been “buying up massive amounts of Shibu Inu.”
But the growth started in September when Shiba Inu coin jumped 35% after it was added to the Coinbase app, a popular platform for people to trade and buy cryptocurrency, according to Mint, which monitors financial and cryptocurrency news.
- Coinbase added Shiba Inu Coin to the Coinbase Pro app in September, too, which is another trading platform.
Still, experts advise that cryptocurrencies are a risky investment because their prices shift suddenly.
- “Memecoins are highly volatile cryptocurrencies that are known to witnesses sharp movements based on news events,” according to Mint.