Shiba Inu jumps 20% after listing on Upbit

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  • At the time of writing, Shiba Inu was trading at $0.00001233.
  • With Upbit, users can now trade SHIB for won.
  • Upbit is the most popular crypto exchange in South Korea.

The bullish trend of SHIB is gaining momentum day by day as more developments unfold about Shiba Inu.

It started with the announcement of the partnership with the Bugatti Group, adding more weight to the already rising trend that pushed the price of SHIB to $0.00001. Then came the recent announcement about the upcoming and highly anticipated Shibarium Beta launch that took SHIB past $0.00001.

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Listing on Upbit

As if all that wasn’t enough, Upbit, the most popular cryptocurrency exchange in South Korea, has announced that it will list the SHIB token and allow users to trade it against the won, South Korea’s national currency. The listing has pushed the price of SHIB above $0.000012.

In addition to Shiba Inu, Upbit has also added GALA, which will be available for trading against Bitcoin (BTC).

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Besides South Korea, Upbit has grown to become the largest crypto trading platform in Southeast Asia, in addition to temporarily suspending deposits and withdrawals from Stellar (XLM) last week. Two weeks ago, the exchange also signed a partnership with Italian football club Napoli SSC to feature the Upbit logo on the back of the club’s shirts.

SHIB is now one of the best traded cryptocurrencies

As Shiba Inu approaches crucial zones that could trigger a bull run to $0.00002, SHIB has entered the list of top selling tokens, best tracked cryptocurrencies and best bought tokens, according to Whalestats data.

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Whales also seem to be rushing to collect Shiba Inu tokens; something that may indicate that they are confident that the token will rise higher this year. In addition to Ether (ETH), ETH whales hold about 505.52 billion Shiba Inu tokens worth about $6 million. This makes SHIB one of the most preferred cryptocurrencies in the top 100 Ethereum whales.