Shadow Token (SHDW) To Be Listed On Coinbase — Announcement Made Its Price Pump By 20%

Coinbase, the United States’ leading cryptocurrency exchange, has declared its intention to include Shadow Token, the proprietary digital currency of ShdwDrive, in its listing. ShdwDrive is recognized for its high-efficiency, decentralized data storage capabilities.

Shadow Token (SHDW) is set to become available on Coinbase starting tomorrow (April 10), as long as it satisfies the liquidity demands.

In response to this news, the value of Shadow Token experienced a rapid 20% increase. Over the past month, the token’s price has witnessed a substantial rise, nearing 80%. https://twitter.com/CoinbaseAssets/status/1777725910977773808

Shadow Token Daily Trading Volume Also Increased In 200%

Since its addition to major centralized trading platforms last month, including Crypto.com and Gate.io, Shadow Token (SHDW) has seen a remarkable rise in its daily trading volume, which has jumped by more than 200% today.

The spotlight turned to Shadow Token after it was featured in Coinbase’s future listings roadmap, sparking a considerable increase in its value. This interest has been further fueled by a spike in activity on the Solana network, attracting significant attention towards utility tokens such as SHDW, amid growing developer activity on the platform.

Introduced in January 2022, the Shadow Token is designed to enable the verification of the persistence and integrity of data on the blockchain, marking a notable improvement over prior attempts by other web3 storage services to harmonize with Solana, which saw minimal success.

The network is versatile, supporting a range of applications from web hosting, archival and backup services, to social media platforms, data repositories, and personal storage options.

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