😱🚀🚀Shiba Inu Instantly Rises 360% to $0.003421 in Japan as Binance Lists SHIB/JPY
It was emphasized that the newly listed SHIB/JPY pair is eligible for the ongoing free campaign in trading transactions. As a result, no fees will be charged to the constructors and buyers during the campaign period.
Accordingly, #Binance Japan has urged #ShibaInu enthusiasts to take advantage of the new opportunity to participate in spot trading. Other JPY trading pairs recently listed on Binance Japan include Solana, XRP and Cardano pairs Dec.
The Shiba Inu Army Reacted
KURO, a well-known Shiba Inu community member based in Japan, first drew attention to Binance Japan's new listing move. The update has generated significant interest in the community.
In a post published after the listing, Kuro presented a screenshot showing the increased trading activity around the SHIB/JPY pair. The post showed that the price of SHIB instantly reached 0.016666 against the Japanese yen.
Shiba Inu Increased by 361% After Listing
In dollar value, JPY 0.016666 represents $0.00011 compared to Shiba Inu's current market capitalization of $0.00002231.
The price point of JPY 0.016666 represents an explosive gain of 361.92% from the opening trading price of JPY 0.003608. Interestingly, this increase occurred less than an hour after the SHIB/JPY listing.
In particular, the SHIB/JPY price was fixed at 0.003741 JPY at the time of the screenshot. In addition, the statement said that Japanese Shiba Inu enthusiasts have traded 106.39 million SHIB worth 421,078 JPY.
Also, Kuro expressed his belief that 0.016666 ($0.00011) will soon be the base price of the SHIB instead of a problematic ceiling. He stated that this price point will be realized after the Shiba Inu development team successfully incorporates the global partners they have been following.
