Efforts of the Shiba Inu army finally prevailed, as the popular meme token is set to go live on a leading Japan-based crypto exchange BitFlyer.
Although the specific dates are yet to be announced, the trading platform unveiled a lottery with a prize pool of 10,000 yen for 20 eligible winners to commemorate the listing.
As per the translated tweet of BitFlyer, the promotion will begin on March 22 and conclude as soon as it begins handling SHIB.
The latest listing was possible, thanks to the efforts undertaken by the Shiba Inu community to get the token listed on japan’s top crypto exchange.
A member of the Shiba Inu community who uses the Twitter handle @Cheggy19 took it upon themself to lead the charge to list SHIB on Japanese cryptocurrency exchanges.
Founded in 2014, the trading platform is the largest bitcoin exchange in the world by volume, transacting $250 billion year-to-date, and has over 2.5 million users worldwide.
In further testimony to its huge demand from the nation’s crypto investors, OKCoin Japan began trading the second-largest meme coin on February 28.
The most notable disclosure was made by Binance US, the US subsidiary of the well-known cryptocurrency exchange Binance, who revealed through Twitter in mid-February that trading for SHIB/USD is now supported on their platform.
As reported by TronWeekly, the addition of SHIB on Binance US is regarded as a crucial turning point for the ecosystem of the token because it increases its exposure and accessibility to investors in the US.
Having said that, SHIB’s project lead Shytoshi Kusama constantly influences the ecosystem of the meme token through his tweets, most recently teasing the introduction of the Shibarium beta on multiple occasions.
Shiba Inu Price May Pull A Surprise
Shiba Inu’s price has stabilized since it fell to an all-time low in June of last year. Experts predict that similar to what has happened in the rest of the crypto market, there may be further consolidation in the Shiba Inu ecosystem in the upcoming quarters.
Nonetheless, a supply and demand shock following the debut of Shibarium beta may cause the Shiba Inu price to pull off a surprise breakthrough.
At the time of writing this piece, the 13th-ranked token was up 3% in the last 24 hours to trade at $0.000010.