Shiba Inu displays top performance in Japan as SHIB/JPY debuts on Binance
Binance Japan confirmed plans to list the SHIB/JPY on the spot market by 30 April.
Consequently, the trading platform opened the new pair for trading on Tuesday, allowing Japanese crypto enthusiasts to trade Shiba Inu (SHIB) against their local currency.
SHIB jumps 361% after launching
A recognized Japan-based SHIB enthusiast, KURO, first revealed Binance Japan’s listing of Shiba Inu. Further, he highlighted massive trading actions surrounding SHIB/JYP after its launch.
The pair saw a staggering 361.92% upswing, climbing from opening price of 0.0036608 JPY to $0.016666 less than an hour after listing.
Nevertheless, the remarkable upside was momentary as the pair stood at around 0.003741 JPY during this publication.
Further, stats show Shiba Inu fans in Japan have traded over 106.39 million SHIB coins, worth 421,078 JPY.
Shiba Inu community member KURO believes the pair will climb again to flip 0.016666 into support.
Bullish developments, some highlighted on SHIB’s latest magazine, could propel the pair past such highs in the upcoming sessions.
The memecoin makes its presence known after joining any platform. Recently, Shiba Inu outperformed on Robinhood with impressive actions days after debut.
Besides Shiba Inu, Binance Japan recently listed Solana, Cardano, and XRP yen pairs.
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