Shiba Inu Price Surges as Japan Embraces Memecoin

Shiba Inu's price has surged 5.19% to $0.00000567 in the last 24 hours, and nearly 28% this week.

The increase comes as Japan's FSA opens a new market for SHIB, along with other key factors contributing to the token's growth.

One of the primary reasons behind SHIB's price jump is its growing presence in Japan, where Nomura-backed Laser Digital Japan has included SHIB among six supported cryptocurrencies after receiving approval from Japan's Financial Services Agency.

This inclusion gives SHIB a different type of market exposure beyond its usual meme-coin trading base as Laser Digital focuses on institutional clients and provides wholesale liquidity services to Japanese crypto platforms.