Shiba Inu has been listed on the multi-asset investment site eToro, which expects to become public later this year (SHIB). The corporation claimed that the decision was made due to high client demand.
eToro, which was founded in 2006, is an Israeli social trading and multi-asset brokerage firm with operations in numerous European nations, the United States, and Australia.
In a press statement, the company announced the listing of Shiba Inu (SHIB). According to the statement, the addition is the result of “high client demand.”
eToro users will be able to engage with the popular meme coin called “Shiba (in millions),” which is a “lot” of one million Shiba Inu units. Customers will have a “clearer comprehension of the pricing in a standard, two-decimal-point format,” according to the statement.
The company just announced its intention to go public later this year. It would be possible following a merger with a Special Purpose Acquisition Company (SPAC) worth more than $10 billion.
Back in May, eToro also listed Dogecoin, possibly the most popular meme coin. DOGE quickly climbed to an all-time high of around $0.5 at the moment.
SHIB reached a new high in mid-May as its popularity surged. However, it has fallen by more than 80% since then, despite the fact that the recently launched ShibaSwap DEX drew billions of dollars in total value locked in just a few days after its inception.
However, according to DeFiLama data, the TVL has dropped by about 80% since then, to around $400 million as of writing these lines.