Shiba Inu, one of the most popular memecoins, is gaining traction globally as it bags another listing on a prominent Philippine exchange. According to an announcement on Wednesday, SHIB is now listed on Coins.ph. The news was made public in one of the recent press releases by the exchange.
Coins.ph is regulated by the Bangko Sentral ng Pilipinas (BSP) and holds the crown for the first blockchain firm in Asia to obtain an Electronic Money Issuer and Virtual Currency license from the central bank.
The exchange was acquired by Wei Zhou, the former Chief Financial Officer of Binance. Shiba Inu was actually scheduled to be listed on the exchange on July 13 but was postponed, citing technical issues.
Shiba Inu has recently been listed on several prominent exchanges, including Bitstamp and the popular trading app Robinhood.
SHIB flips MATIC by market value
Shiba Inu passed another milestone an hour ago as it flipped Polygon (MATIC) to rank as the 12th largest cryptocurrency in terms of market value. This is indeed a great achievement for SHIB, as many had sidelined SHIB as a mere joke. But the SHIB team has been coming up with several developments that are aiding the growth.
But, at the time of writing, Polygon seems to have regained its throne as it is back in its 12th position.
SHIB has displayed considerable growth over the last 30 days, even amidst the bear market. Comparing the data from the last 30 days from CoinGecko, SHIB has gained over 57%. It has also spiked 24.8% and 28.8% in the last 14 and 7 days. At the time of writing, SHIB is trading at $0.00001289, with a 6.58% spike in the last 24 hours.
According to WhaleStats, SHIB holdings among the top 1,000 ETH whales have reached $658,146,255.