Kraken may listen to Shiba Inu

Kraken has said it will begin listing the Shiba Inu (SHIB) token later today, on November 2, 2021. This is evident from a Tweet. There hasn’t been an official update yet, but it seems likely. This, in turn, would allow SHIB to gain more liquidity.

Multiple SHIB listings

The Kraken exchange is poised to list meme token Shiba Inu (SHIB), after posting a tweet on Nov. 1 stating that it would list the asset if it got 2,000 likes. This happened, in fact, there were almost 53,000 users who liked the Tweet. According to the Tweet, Kraken’s product leader Brian Hoffman initially only saw the challenges. However, it never looked like this was going to be a problem.

The SHIB token should be listed on November 2, which could cause the token to rise even more. SHIB passed fellow meme token Dogecoin (DOGE) in market cap at the end of October 2021, and both cryptocurrencies are now in the top 10 by market cap. Shiba Inu’s market cap is over $38 billion, compared to Dogecoin’s approximately $35 billion.

The Shiba Inu token is something of a legend in the cryptocurrency circles, with a quirky history. The recent all-time high was the culmination of many months of volatile trading. These price increases are sometimes purely the result of famous people talking about the coin, as in the case of Elon Musk.

SHIB was created by an anonymous developer and has a huge stock of one quadrillion. Vitalik Buterin himself was sent billions of dollars worth of SHIB tokens, but he burned 90% and donated the rest to charities.