The cryptocurrency exchange Coinbase Pro has announced the resumption of Shiba Inu (SHIB) trading after resolving previous technical issues. SHIB's price surged 37% within two hours of the announcement, peaking at $0.00000755 before stabilizing at $0.00000731.
Coinbase Pro's Structured SHIB Rollout
Coinbase implemented a meticulous three-phase launch process for SHIB trading pairs (SHIB-USD and SHIB-USDT):
- Transfer-only mode: Allowed deposits before trading
- Limit-only trading: Enabled order posting without matching
- Full trading: Activated market orders and matching
The exchange emphasized its commitment to market integrity, stating: "We may pause trading if orders don't meet our criteria for a healthy, orderly market." This cautious approach follows 👉 Coinbase's rigorous listing standards.
Technical Challenges Behind the Scenes
Observers noted peculiar trading patterns:
- SHIB switched repeatedly between limit-only and full trading modes
- Coinbase temporarily suspended transactions due to transfer issues
- The exchange experienced processing delays during peak activity
These technical hiccups mirror problems encountered during Coinbase's initial SHIB listing attempt in June 2022, when deposits were paused due to unspecified technical concerns.
SHIB's Market Trajectory and Ecosystem Impact
Key milestones in SHIB's development:
| Date | Event | Price Impact |
|---|---|---|
| 2020 | Token launch | N/A |
| May 2021 | Vitalik donation/burn | +1,200% |
| Oct 2021 | Coinbase listing | +900% |
| June 2022 | Technical pause | -40% |
| Sept 2022 | Relaunch | +37% |
The token gained notoriety through several strategic moves:
- Half of initial supply gifted to Vitalik Buterin
- 50 trillion SHIB donated to India COVID relief
- Remaining 410 trillion SHIB burned by Vitalik
- Frequent endorsements from Elon Musk
Why This Relaunch Matters for Crypto Investors
- Market Validation: Coinbase's renewed support signals institutional confidence
- Liquidity Boost: Professional traders gain access to deeper order books
- Technical Resolution: Underlying infrastructure issues appear resolved
- Price Stability: The phased approach may prevent extreme volatility
For those exploring 👉 alternative trading platforms, the SHIB listing demonstrates Coinbase's evolving altcoin strategy.
FAQ: Understanding SHIB's Resurgence
Q: Why did Coinbase pause SHIB trading initially?
A: Undisclosed technical issues affecting deposit processing, unrelated to market conditions.
Q: How does SHIB differ from DOGE?
A: While both are meme coins, SHIB operates on Ethereum with smart contract capabilities and a deliberate supply reduction strategy.
Q: What caused the 37% price spike?
A: Combined effect of renewed trading access and pent-up demand from professional traders.
Q: Is SHIB available on regular Coinbase?
A: Yes, following successful Coinbase Pro implementation, though with higher fees.
Q: Will SHIB reach its May 2022 high again?
A: Market analysts remain divided, citing meme coin volatility and macroeconomic factors.
Q: How can I track SHIB's performance?
A: Use reputable crypto tracking tools or Coinbase's own charting features for real-time data.