Bullish
Shiba Inu (SHIB) ends 11-month bear cycle, surges 28% in a week amid Japan listing
Shiba Inu (SHIB) has ended an 11-month bear cycle, surging nearly 28% in the past week. This rally is driven by its inclusion on Japan's Financial Services Agency (FSA) approved platform, Laser Digital Japan, and a significant 441% increase in its burn rate.
Key points
- SHIB listed on Laser Digital Japan, a Nomura-backed platform approved by Japan's FSA.
- SHIB's burn rate spiked 441% in 24 hours, removing 41.8 million tokens from circulation.
- SHIB's price surged 28% in a week, reaching $0.00000567.
- SHIB's market capitalization stabilized between $3.22 billion and $3.26 billion, forming a key support zone.
Sources
AI-generated from public news sources. Not financial advice.
