SHIB up 16% after Binance listing and Times Square ad

Videos from yesterday show a huge advertisement for SHIB coins in New York’s Times Square. Since then, the token has risen by double digits.

Shiba Inu in Times Square

The SHIB price has risen sharply in the past 24 hours. There are several reasons for this. One of those reasons is the huge Shiba ad in New York.

“We will soon reach the moon,” reads the giant billboard. Next to the text is a cartoon Shiba Inu dog in a shirt and tie.

The promotion comes right after a huge price hike. Shortly after the ad started circulating on the internet in New York, the share price rose by 17%.