Leading crypto exchange CoinW has launched a new promotional campaign for Shiba Inu ecosystem tokens.
The top exchange announced the promotional event for Shiba Inu yesterday via an X post. The promotional event, dubbed ‘SHIB to the Moon,’ is a zero-fee spot trading offer for Shiba Inu ecosystem tokens.
CoinW Shiba Inu Campaign
Promotion Details
According to an announcement, CoinW users can trade Shiba Inu ecosystem tokens, such as SHIB, Bone ShibaSwap (BONE), Doge Killer (LEASH), and Shiba Inu Treat (TREAT) without incurring any spot trading fees. Notably, CoinW also extended the offer to Dogecoin (DOGE).
Per an announcement, the promotion will run for one week, starting on February 3, 2025, at 10:00 a.m. (UTC) to February 10, 2025, at 10:00 (UTC). During this period, CoinW users can trade SHIB/USDT, TREAT/USDT, BONE/USDT, LEASH/USDT, and DOGE/USDT with zero maker and taker order fees.
The fee waiver only applies to the eligible tokens’ spot trading pairs. Notably, the offer does not apply to the assets’ grid trading.
CoinW emphasized that all transactions executed under this promotion will count in the assets’ respective trading volumes and other promotional benefits.
SHIB to The Moon
This event seeks to allow CoinW users to maximize profits on DOGE and Shiba Inu ecosystem tokens by avoiding standard trading costs. Notably, the promotion is expected to drive the adoption of the eligible tokens and potentially boost their prices. This aligns with the promotion’s title, ‘Shib To The Moon.’
The phrase ‘to the moon’ is common among crypto enthusiasts when expressing optimism about an asset’s potential for a significant price surge. It also serves as a community rallying cry to boost enthusiasm among asset holders and attract more investors.
However, the promotion comes at a time when the broader crypto market has plunged drastically, impacting the prices of TREAT, SHIB, BONE, LEASH, and DOGE. These tokens are down 27.87%, 12.86%, 12.24%, 9.45%, and 12.86%, respectively.
According to Forbes, the drop, which aligns with a sell-off in the stock market, is driven by the rising popularity of China-based artificial intelligence (AI) startup DeepSeek.
In other words, the surge in DeepSeek’s popularity has led to a sell-off in the stock and crypto markets, with investors redirecting their funds to AI-related stocks.
