Shiba Inu jumps 5.19% as Japan platform adds token to six supported assets

Shiba Inu rose 5.19% in 24 hours to $0.00000567 and gained nearly 28% over the week, helped by its inclusion on Nomura-backed Laser Digital Japan’s platform. Japan’s Financial Services Agency, or FSA (Japan’s financial regulator), approved the platform with SHIB among just six supported cryptocurrencies, alongside Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin. Laser Digital’s focus on institutional clients and planned wholesale liquidity services for Japanese crypto platforms could give SHIB exposure beyond its usual memecoin trading base. Shibburn data also showed the burn rate climbing more than 441% in 24 hours, with about 41.8 million SHIB sent to dead wallets and permanently removed from circulation, although the reduction was not considered a major supply shock because hundreds of trillions of SHIB remain in circulation. Exchange netflow reportedly fell to 212.3 billion tokens from more than 1 trillion, suggesting large holders were moving SHIB from exchanges to private wallets. Bitcoin’s recovery and a broader crypto-market advance added further support. SHIB was trading around $0.0000055 with a $3.30 billion market capitalization. Its chart is showing a possible double-bottom pattern, with $0.00000560 viewed as key support; holding that level could strengthen the rally, while a clean move above $0.0000060 could open a path toward $0.0000068.

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