Shiba Inu, one of the most renowned Ethereum-based meme coins within the cryptocurrency realm, recently propelled immense market optimism for their token, SHIB, as it shed a zero off its value today, February 27. Aligning with the phenomenal upward movement noted today, Shiba Inu’s SHEboshi gained significant traction, as Shytoshi Kusama spotlighted key details orbiting the token.

Following the recent launch of Sheboshi, the ERC-404 token promptly witnessed a dry stock spell, showcasing the project’s immense popularity within the cryptocurrency realm. Intriguingly, Shytoshi Kusama, Shiba Inu’s lead developer, shed light on a key SHEboshi listing announcement on CoinW, a cryptocurrency trading exchange.

ICYMI !!! Thanks to our frens at .@CoinWOfficial #SHEB #SHEboshis https://t.co/nFDZZCXbaf

— Shytoshi Kusama (@ShytoshiKusama) February 27, 2024

Although the listing dates back to February 23, Kusama’s repost further showcases the project’s popularity and the community’s constant efforts to jack up the SHIB tokenomics. Meanwhile, the SHIB token noted phenomenal gains today, aligning with the community’s recent advancements and surge in burn rate noted today.

A Closer Look Into The Listing Announcement

According to the statement released by CoinW, dated February 23, the crypto trading firm introduced the SHEB/USDT trading pair on its platform’s MEME & NFT trading area on the same day at 13:00 UTC. The deposits and withdrawals for the same were opened a day after, February 24, at 6:00 UTC collectively.

Intriguingly, the trading platform announced additional rewards for users who deposit SHEB > 50 USDT, ruling out plans to facilitate random airdrops worth 2 – 20 USDT worth of SHEB for them. Although served on a first-come-first-serve basis, the total prize pool encompasses 1,000 USDT worth of SHEB, nabbing significant attention. Moreover, participants trading with a transaction volume greater than 100 USDT are also poised to share a prize pool worth 3,000 USDT equivalent in SHEB tokens, per CoinW’s statement.

These benefits aim to attract more users to Shiba Inu’s ecosystem, while it also comes as an effort to jack up the SHIB tokenomics, as mentioned above. The Shiba Inu cryptocurrency rides a tidal wave of advancements with its recent developments, including the partnership with K9 Finance, a potential SHIB ETF, and the continuous burning of colossal amounts of SHIB.

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Shiba Inu Price Soars

As of writing, the Shiba Inu price noted an upsurge of 9.47% over the past 24 hours and is currently trading at $0.00001046. The token’s remarkable upswing, ditching a zero of its value, further mirrored the community’s recent advancements and the colossal burning of SHIB. Crypto market enthusiasts appear to be portraying bullish thoughts on Shiba Inu’s run ahead, aligning with the abovementioned saga.

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The post Shiba Inu Lead Unveils SHEBoshi Listing, What’s Next? appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am