Shiba Inu has been added to a short list of approved crypto assets in Japan. Laser Digital Japan, a regulated exchange backed by Nomura, now lists SHIB alongside Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin, according to the Japanese Financial Services Agency register confirmed on August 24. SHIB traded around $0.0000053 after a 2.38% daily gain and a 22% weekly climb. Analysts noted support near $0.0000050 and resistance around $0.0000060, with a possible breakout target of $0.0000075 as Japanese demand builds.
On-chain activity accelerated alongside the listing. The SHIB burn rate rose 441% in one day, sending 41.8 million SHIB to dead wallets. Exchange netflow collapsed from more than one trillion tokens to 212.3 billion, hinting that large holders were removing tokens from exchanges into private custody.
In the broader altcoin market, spot Solana ETFs crossed a record $1.22 billion in cumulative inflows after five straight days of positive flows, according to CoinDesk. Bitwise held about $948 million, roughly 80% of U.S. spot Solana ETF assets. Solana changed hands near $96 with a market capitalization of about $63 billion, while XRP held $1.46 after a 46% weekly surge lifted its market cap above $91 billion.
The promotional centerpiece is Pepeto, an Ethereum-based meme token still in presale. The project has raised $10.83 million before any public exchange listing. It claims its founder co-created the original Pepe token and took a 420 trillion token position to an $11 billion valuation. The campaign highlights zero-cost swaps on PepetoSwap, a contract screening tool, free bridging across three networks, a SolidProof audit, and staking yields of 164% annually with daily compounding. It positions the presale as an early entry before a planned Binance listing and repeats speculative analyst talk of a 300x return, though this is explicitly promotional material and not a factual forecast.
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