Coinbase Crashes as Shiba Inu is Trending Worldwide With Impressive Rally

Coinbase crashed as demand for Shiba Inu, the "Dogecoin killer" is incredibly insane.


Coinbase Crashes as Shiba Inu is Trending Worldwide With Impressive Rally
Coinbase | Image: Coinbase

The largest cryptocurrency exchange in the U.S. Coinbase went down on October 27. This comes as the memecoin keeps surging in value and demand.

Moreover, the website has been offline for more than 15 minutes before being restored for users. According to the Coinbase website, the status on the page says that it is experiencing "connectivity issues."

In line with this, some crypto traders assumed that the critical outage is linked to unprecedented traffic caused by the Shiba Inu craze as the token keeps rising and rising and rising.


In addition, the crypto's trading volume has exceeded $5 billion on Coinbase exchange alone, dominating Bitcoin's (BTC) and Ether's (ETH) numbers.


In May, the same thing happened with the online brokerage app Robinhood, which also crashed after its crypto trading systems were not able to handle the Dogecoin rally.


At the writing time, Shiba Inu soared even higher, reaching yet another all-time high of $0.000088 on CoinMarket.