Kraken Over Promised and is now Under Delivering

Kraken is breaking its promise After tweeting earlier this week that it would list the Shiba Inu coin—on its platform by Tuesday if the tweet earned at least 2,000 likes.

Little did they know that challenging the SHIBArmy would make this an easy task. In today’s hyper-connected digital world, 2,000 likes on social media is a joke, and the target was hit within mere minutes as SHIB enthusiasts flooded the tweet. At about 80K likes and 18K retweets you would think Kraken was ready to list the token, but that's not the case. Kraken appears to have bitten off more than it could chew, tweeting Tuesday that the Shiba Inu coin would not be going live that day as the company still had “more work to do” per its listing-review process.

I'd call this the old over promise and under-deliver move which is never taken well. Let me tell you don't piss off the SHIBArmy! Many people replied threatening to close their accounts. While Kraken failed to list the token right away it still shows we will be seeing another exchange listing SHIB which is positive.

SHIB has struggled today and is currently down 18.5% to $0.0000560. We saw some buying at $0.0000500 which might be the short term support for the moment.

I'll be following the price action because even through the Kraken listing was poorly managed I was thinking it would be another catalyst for upward movement.

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