CEO of Bainance Exchange: Shiba Token is associated with extremely high risk
Yesterday, Bainance Exchange announced that it has made it possible to trade Shiba Inu tokens due to high demand.
But the exchange's managing director warned of fluctuations in the token.
Bainance, the world's largest digital currency exchange, listed the SHIB token in its exchange yesterday, saying it was a Dodge Coin-like meme coin that had exploded in value over the past week.
Bainance CEO Changpeng Zhao tweeted that the demand for the new currency was so high that our Atrium addresses ran out, and this was unprecedented for ERC20 tokens.
However, Zhao made it clear that adding a token to the exchange's list should not be construed as confirming Quinn's potential value, he wrote on Twitter: "This token is extremely risky."