Shiba Inu Token Rises 27% Following Coinbase Pro Listing Announcement

Also on Thursday, June 17th, marketplace users will have access to Chilliz and Keep coins.

The cost of the Shiba Inu token has grown by 27% over the past day, to $ 0.00000905. It began to rise after the American crypto exchange Coinbase Pro announced the listing of an altcoin, as well as Keep and Chilliz coins. Cryptocurrency trades open after June 17.

Adding altcoins to Coinbase Pro does not mean listing on the main Coinbase marketplace. The company will make a separate announcement if it decides to add cryptocurrency support to its main trading platform.

The popular meme-inspired cryptocurrency, Shiba Inu (SHIB), surged by 27% shortly after Coinbase Pro announced its plans to list the token on its trading platform. This move immediately fueled investor excitement, pushing SHIB’s trading volume and market capitalization to new highs within hours. The announcement signifies growing mainstream recognition for Shiba Inu, which has rapidly evolved from an internet joke to a serious digital asset with a massive global community.

Coinbase Pro’s listing is a major milestone for SHIB, as it opens access to millions of institutional and retail investors who rely on the platform’s trusted trading environment. Analysts suggest that this development not only enhances SHIB’s liquidity but also legitimizes it among more traditional crypto traders. The token’s inclusion on a top-tier exchange often triggers a “listing effect,” where exposure and accessibility drive sudden price increases — as was clearly the case here.

Beyond the short-term price rally, the Coinbase Pro listing may mark the beginning of a more sustained growth period for Shiba Inu. With its expanding ecosystem, including the ShibaSwap decentralized exchange and upcoming projects in NFTs and blockchain gaming, SHIB continues to strengthen its position in the altcoin market. Investors are now watching closely to see if the momentum will hold or if SHIB’s rally will mirror the volatility typical of meme-based cryptocurrencies.

Shiba Inu is a meme token that is seen as an alternative to Dogecoin. He rose to prominence on May 7 when Elon Musk tweeted that he was looking after a Shiba Inu puppy. In an hour, the cost of Shiba Inu increased by 68%.