The official X account of the Shiba Inu team praised K9 Finance for securing a listing on LBank, a well-known cryptocurrency exchange, leading to significant gains in both KNINE and SHIB prices.

A major milestone was achieved in the Shiba Inu (SHIB) ecosystem with K9 Finance DAO (KNINE) being listed on the LBank exchange. This announcement on May 28, 2024, was met with appreciation from the Shiba Inu team for K9 Finance's accomplishment. The KNINE and SHIB price charts reflected substantial growth following this development.

The trading for the KNINE/USDT pair will kick off in the Innovation Zone, marking a significant step forward for the emerging project. K9 Finance DAO is the official liquid staking solution for Shiba Inu and the Shibarium blockchain. The KNINE token, launched on March 7, 2024, operates on a stake-to-earn model, allowing holders to earn revenue from the liquid staking product and the DAO.

Staking KNINE enables holders to earn from the liquid staking product and the DAO, with the product set to launch in Q3 of 2024. This positions K9 DAO as a pioneering liquid staking provider on the Shibarium blockchain, leveraging its first-mover advantage.

The Shiba Inu meme coin community welcomed the LBank listing with enthusiasm. The Shiba Inu team's official X account, led by influential figures like Shytoshi Kusama and Kaal Dhairya, congratulated K9 Finance DAO on their listing, emphasizing the value it brings to the #SHIBARMY and the broader adoption of the project.

The listing of KNINE on LBank is expected to enhance liquidity and adoption within the Shiba Inu ecosystem, driving increased engagement. Deposits for KNINE began on May 27, 2024, with withdrawals becoming available on May 29, 2024, further facilitating trading and participation.

Following the LBank announcement, the KNINE crypto experienced a significant surge, reaching $0.000028, a 12.5% increase from the previous closing price. Despite facing a brief bearish trend, KNINE managed to maintain positive momentum. Currently, the KNINE price sits at $0.00002506, with a 24-hour trading volume surge of 42.54%. Similarly, the Shiba Inu coin saw a 0.87% increase to $0.00002472, approaching the crucial resistance level of $0.000025.

If the SHIB price successfully breaks above this level and sustains momentum, reaching the $0.00003 target is likely, with a potential surge to $0.00005 depending on market sentiment. However, the current data suggests a higher number of SHIB long liquidations compared to shorts, indicating a possible downtrend in the near future.