The cryptocurrency market’s most well-known product with a dog motif made headlines once more. Shiba Inu [SHIB] was in the headlines this time for a good reason.
Doge Killer (LEASH) will now trade on XT.com, an exchange with its headquarters in Hong Kong and a Seychelles registration.
LEASH was a part of the USDT trading pair listing. While trading and deposits were made possible on February 17, LEASH withdrawals won’t be possible until February 18 at 7 a.m. UTC.
The BoneShibaSwap (BONE) token was listed on XT.com last weekend, which describes itself as the first socially integrated cryptocurrency exchange in the world and supports over 500 cryptocurrencies and 800 trading pairings.
On February 17, the cost of Leash unexpectedly increased by approximately 79%, going from a low of $425 to a high of $760. Even though the origin of the significant increase is still unknown, a deeper look at the hourly chart would suggest that a sizable buy order may have been what sparked the sudden jump.
The 24-hour trade volume, which is up a staggering 913%, reflects this. Due to heightened volatility, traders are more likely to buy or sell large amounts of crypto assets in order to make significant profits, which results in larger trading volumes for most crypto assets.
Here’s How Shiba Inu’s Other Tokens Are Doing
Doge Killer Leash has increased since its low point of $360 on February 14, when SHIB head creator Shytoshi Kusama declared he will use Medium to present Shibarium to the world once the beta launch was prepared. The SHIB ecosystem tokens (SHIB, LEASH, & BONE) use the Shibarium blockchain (L2), which is built on top of the Ethereum blockchain.
However, as reported by TWJ earlier today, when pressed again to give an indication of the delivery date, the principal developer of Shiba Inu’s Layer-2 solution Shytoshi Kusama appeared a little overwhelmed.
He asserted that this is one of the problems delaying the launch and that he is basically fed up with the SHIB soldiers bugging him about it.
When questioned if the launch would be postponed once more, Kusama responded that as he hadn’t initially set a definite date for the debut, it couldn’t be postponed [some even suggested that 2024 be the new launch year].
At the time of writing, Shiba Inu (SHIB) was priced at $0.00001313 and had plunged by 0.09%, over the last 24 hours.